Editor's Picks News

Russia wants to create an offshore cryptocurrency trading center with China

The Agency of the Far East for attracting investments and supporting exports (IPA) proposes to create a Big Ussuriysky financial center on the island and to extend to it the mechanism of a special administrative region. This was stated by the head of the IPA Leonid Petukhov at the St. Petersburg International Economic Forum.

“We want to make a big financial center there. Figuratively speaking, cryptocurrency, cryptobirge, forest trade exchange – in a good way, domestic offshore. What they did in Kaliningrad, ”he said.

Petukhov noted that such a center is conveniently located exactly on Bolshoy Ussuriysky Island, since it belongs to two countries.

Special administrative districts with preferential conditions for international companies are created on Russky Island in Vladivostok and Oktyabrsky Island in Kaliningrad. Residents are fully exempt from income tax in the form of dividends and tax on profits from the sale of shares of foreign companies.


.

Related posts

SEC Rejects Coinbase’s Attempt to Dismiss Securities Lawsuit

jose

Coincheck Exchange adds Ethereum and Ripple to its new over-the-counter sales department at

alfonso

Candidate of Finance Minister for South Korea Wants a Regulatory Framework for Crypto Before Imposing Taxes

Afroz Ahmad