Russia can set up its own cryptocurrency exchanges, according to a member of the State Duma.
Digital financial assets like cryptocurrencies can help Russia to reach the global financial market despite western sanctions, a lawmaker working on crypto regulations has stated. The official believes the country is capable of setting up domestic crypto exchanges and should support mining.The crypto space is an area where it’s difficult to impose restrictions on Russia, a member of the
Yakubovsky, a member of the Duma working group tasked to propose comprehensive crypto regulations, said that the new legislation can provide Russia with access to the financial market, which western governments are now trying to close for Moscow. This will depend on how effective the new framework will be, he elaborated and stated:
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