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Crypto Assets Can Help Russia Return to Global Financial Market, Lawmaker Says

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.
Russia Can Establish Own Cryptocurrency Exchanges, Deputy Insists
The crypto space is an area where it’s difficult to impose restrictions on Russia, a member of the State Duma, the lower house of Russian parliament, has recently pointed out. Speaking to Parlamentskaya Gazeta, Alexander Yakubovsky emphasized that the country has the resources to set up its own cryptocurrency exchanges and use alternative payment schemes and platforms.
The lawmaker admitted that global trading platforms like Binance are under pressure to back restrictions against the Russian Federation. At the same time, he noted that experts from the world’s leading crypto exchange are advising legislators in their efforts to des

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