In Russia, they legalize cryptocurrency. Business will help to bypass sanctions
The state Duma supported the creation of pilot regions, which will be allowed calculations in digital money
The Russian government plans to create pilot regions to work out the circulation of digital money, write "Izvestia" with reference to the head of the state Duma Committee on the financial market Anatoly Aksakov. The relevant bill was developed by the Ministry of economic development, it will allow businesses to use cryptocurrencies and tokens to raise capital, as well as to buy and sell assets under sanctions.
In the Kaliningrad region and Tatarstan there are companies that are ready to participate in the experiment, but the main goal is big business. Any company that works with such technologies as blockchain, artificial intelligence, quantum and neurotechnologies will be able to take part in the project.
"The law on the" regulatory sandbox", which, I hope, we will adopt in the spring session, will allow in a pilot version in some region either individual companies or a certain industry to use, including crypto-tools for economic turnover and economic operations, " Aksakov said.
The Russian Union of Industrialists and entrepreneurs (RSPP) has established a consultative Council on digitalization. The President of the organization Sergey Mytenkov explained that the new initiative is interested in companies of international scale, as thanks to cryptocurrencies they will be able to bypass external restrictions.