Crimean authorities turned to the head of the Agency for Strategic Initiatives Svetlana Chupsheva with a request to support the initiative to create an experimental site in the region for the use of cryptocurrencies . This was announced on August 12 by the Deputy Chairman of the Council of Ministers – Permanent Representative of Crimea to the President of the Russian Federation Georgy Muradov.
Muradov explained that digital money, such as cryptocurrencies or stablecoins tied to gold or another tangible asset, "passes through the border, they are not afraid of sanctions." During a meeting of the council on improving the investment climate in the republic, the official said:
“We have no dollars. It turns out that cryptocurrency for us would be a definite way out of the situation. And Crimea, since it is in a sanctions regime, could become such an experimental site. If you support all these initiatives at the federal level, it would be very important for us. ”
Recall that the idea of switching to cryptocurrencies in Crimea is not new – in the past it was expressed , in particular, by the presidential adviser on economics Sergei Glazyev. This spring, during the plenary session of the Yalta International Economic Forum, he proposed creating a platform in Crimea to attract foreign investment bypassing sanctions using cryptocurrencies or other types of digital money.
Earlier there were proposals of this kind, against the background of the sanctions regime on the peninsula. As you can see, officials continue to discuss this initiative and try to implement the intention.
Publication date 08/14/2019
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