Russia Proposes National Crypto Bank for Financial Crime Prevention

Russia’s government is exploring a new approach to combat financial crimes and boost revenue through the creation of a national crypto bank. The initiative, spearheaded by policymakers Yevgeny Masharov and Evgeny Morozov, would establish a regulatory framework for cryptocurrency transactions, generating hundreds of billions of rubles in potential state revenue. Inspired by Belarus’s successful adoption of crypto initiatives, this new bank aims to legitimize crypto activities and strengthen financial stability. 🇨🇭 🤝🇷🇺