“Kryptobank in Russia? While the war in Ukraine continues to rage, Russia has realized that cryptocurrencies could be a way to bypass the international economic sanctions imposed on it. Once in May, financial institutions were allowed to offer cryptocurrency products, cryptobank may now appear in the country to support miners and fight fraud. The key points of this […]”, – WRITE: Businessua.com.ua
Kryptobank in Russia? While the war in Ukraine continues to rage, Russia realized that cryptocurrencies could be a way bypass international economic sanctions, imposed on her. Once in May, financial institutions were allowed to offer cryptocurrency products, cryptobank may now appear in the country to support miners and fight fraud.
The key points of this article:
- Russia considers the possibility of creating a cryptobank to support miners and bypass international economic sanctions.
- This institution could also aim to combat fraud by monitoring transactions and follow the example of Belarus in the cryptocurrency sector.
New State crypto -financial institution in Russia? According to the Russian information agency TASS, a member of the Public Chamber of Yevgeny Masharov stated that his country should follow the example of his ally Belarus and launch a cryptocurrency exchange service through a large financial institution . It is worth recalling that a neighboring country has recently announced the creation State Kryptoplatforms to support the country’s miners.
This new cryptobank can help miners convert your earnings in fiat currencies and provide them with infrastructure adapted to their needs. Besides it will help fight illegal transactions By controlling all operations performed on the network.
After periods of heat and cold, Putin’s Russia seems to finally turn to cryptocurrencies.
Russia wants to follow the example of Belarus According to Yevgeny Masharov, this initiative will allow “To solve a number of topical problems” such as return “Shadow operations in a legal field”, simultaneously “Increasing federal budget revenues” and blocking “One of the channels of financing and recruiting our citizens to commit serious crimes.”
It should be noted that Russia Recently has become more open to the cryptocurrency sector, in particular for bypass Economic sanctions imposed by the measure after invasion of Ukraine. In May last year the country allowed to financial institutions to offer accredited investors Cryptodedories , She also discussed the possibility of creating a steiblcoin secured by a ruble.
With this hypothetical new cryptobank, Russia could continue to develop its mining industry, while increasing the fight against fraud and illegal activities. It remains to see if this idea will come to life in the coming months, but in any case Vladimir Putin clearly realized the problems, related to these new financial technologies .
Source: Journalducoin.com
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