Dismissed Russian Zuckerberg Supports Bitcoin, moves to Paradise

Pavel Durov, formerCEO of Russia’s social networking site VKontakte, has openly decried thetreatment of cryptocurrencies by the country’s authorities.

Durov was fired fromhis position on 21 April, placing the network “under the ‘full control’ of Kremlin insiders,” The Moscow Timesreported.

The implicationsbehind the dismissal would appear to have incensed Durov, who subsequentlyspoke to BTC Russia about national currencies allowing governments to “cause the most pain to the poor and at thesame time create the most inconspicuous taxation, constantly devaluing monthlysalaries”.

His support forBitcoin, which he says “prevents powerfrom shearing the herd,” comes as the Russian Attorney General’s officedescribed Bitcoin as a “surrogatecurrency”.

But in this case,happily, it is not all doom and gloom in Russia. It was announced yesterdaythat he has become a citizen of tropical St Kitts and Nevis, having contributedUS$250,000 to the country’s sugar industry in February.