Tax on deposits and dividends in the Russian Federation makes cryptocurrency more profitable

In the middle of this week, Russian President Vladimir Putin proposed introducing a tax ondeposit income of more than 1 million rubles. In addition, he proposed the introduction of taxation of dividends. The collection rate can be set within 13-15%.

According to the analyst of the Alpari company Alexander Razuvaev, this measure of the authorities will be very unpopular among citizens.

He emphasized that at the moment a little morehalf of all deposits in Russian banks just exceed 1 million rubles. The total amount of such deposits can reach 16.8 trillion rubles. The tightening of the fiscal policy of the authorities will inevitably lead to the fact that people will begin to look for alternative forms of capital storage.

Cryptocurrencies and stocks are excellent options.If taxes on deposit income are introduced, large Russian investors will be forced to transfer these assets en masse, the expert believes. The most convenient way to invest in stocks at the moment is through the United Traders platform.

There is no cryptocurrency legislation in Russia so the state does not have any legal instruments to control the movement of funds in bitcoin and altcoins.

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