Crimea could possibly create blockchain-based investment platforms for foreign investors under sanctions.
Crimean authorities are considering creating a blockchain-cluster that would support investment platforms allowing foreign investors to work in sanctioned countries anonymously, major state-operated Russian news agency TASS reported Nov. 16.
Previously this week, the Permanent Representative of the Republic of Crimea under the President of the Russian Federation, Georgy Muradov, had already revealed the Crimean government’s potential plans to create a separate blockchain-cluster in the region for venture capitalists funds.
Today, Roman Kulachenko, the President of the Crimean Republican Association of Blockchain Technologies Investment, said that a new international education center for working with blockchain technologies as a way of avoiding sanctions might be opened on the Crimean peninsula.
According to Kulachenko, this educational center would allow for the training of specialists from different countries under sanctions in blockchain technology. He added:
“There are a number of states that, like the Crimea, that are under sanctions — for example, South Ossetia and Abkhazia. We have the same problems. And the center will allow us to combine efforts and solve the problem.”
Back in September, North Korea was reported as using cryptocurrencies to avoid sanctions imposed by the U.S., despite current restrictions imposed on fiat assets, Cointelegraph reported Sep. 26.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.