In a recent interview, Russia's new prime minister, Mikhail Mishustin, a former head of the country's tax authorities, said Russia is likely to adopt a new crypto tax plan this spring. "I believe it is necessary to tax such activities and properly assess any economic consequences of using cryptocurrencies," he said. Many people are said to be excited about Mishustin's inclusion in Russia's list of tax regulators being formed. In the past, he has tried to end VAT-related fraud and tracked down individuals who have hidden funds in Cyprus, the Cayman Islands and other areas with very lax tax laws. Kick Ecosystem and Kick Ex trading platform founder Anti Danilevski commented: "I think the arrival of new Prime Minister Mikhail Mishustin has increased the possibility of further protection of crypto (investors) and businesses in Russia. What they do now is crucial important."