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Home News Members of the Russian Civic Chamber suggest following Belarus in establishing a national-level crypto bank.

Members of the Russian Civic Chamber suggest following Belarus in establishing a national-level crypto bank.

BlockBeats News, September 11th, according to TASS, Evgeny Morozov, a member of the Russian Social Chamber, suggested emulating Belarus to establish a national-level crypto bank. He stated that this would help bring shadow settlements worth billions of rubles into the legal framework, increase federal budget revenues, and combat remote fraud and crime financing. At the same time, a crypto bank could provide Russian miners with a compliant channel to sell their mining income.

Currently, Belarus has already established a crypto exchange and broker in its high-tech park, achieving the decriminalization of digital currencies and tax revenue growth.

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