RE: Vladimir Putin announced Russian cryptocurrency called 'CryptoRuble'

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Vladimir Putin announced Russian cryptocurrency called 'CryptoRuble'

in cryptocurrency •  7 years ago 

Anyone could convert any Crypto into crypt-ruble and pay a 13% tax. So you still get to keep 87%, and technically everything is legal here, no illegal schemes come into play.

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The 13% tax applies only if crypto-ruble is converted to regular ruble and only if someone does not (want) explain the origin of his crypto-ruble. It is like a legal laundering service that costs 13% fee. It will attract the secret wealth of many oligarchs back home making it clean legal wealth. In most other countries one faces 100% forfeiture if the origin is not explained.