Receive all Cointelegraph news immediately in Telegram.
Pavel Durov, former CEO of Russia’s social networking site VKontakte, has openly decried the treatment of cryptocurrencies by the country’s authorities.
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.
Follow us on Facebook
For updates and exclusive offers, enter your e-mail below.
One fine body…
Thank you for contacting us! We will reply to you as soon as possible.
Thank you for your interest in our franchise program.
We are considering your request and will contact you in due course. If you have any further queries, please contact:
Reset letter sent.
Please checkout your mailbox for password reset details