Crimean blockchain ecosystem begins to attract investors
An official from the region said that foreign investors have shown great interest in working within the economic zone
The local official of the Crimean region, Georgy Muradov said that a group of foreign investors are interested in the blockchain ecosystem that exists in the area.
Muradov, who is the permanent representative of the Republic of Crimea under the president of the Russian Federation, also indicated that the greatest interest comes from China, which has expressed a great intention to work together with the team of blockchain developers in the region.
The Crimean government plans to create a cryptocurrency fund and an exchange when the Russian government promulgates favorable regulation.
According to the official, the initiatives will help facilitate the implementation of investment programs for the Crimean region, in parallel with the support of cryptocurrencies. This would help lower the dependence on the dollar and avoid the current banking restrictions.
The idea of forming an investment fund of cryptocurrencies to attract investors and companies related to this industry to its territory arose for the first time in April 2018. At that time, the authorities began to look for ways to avoid sanctions through the use of decentralized currencies in all relationships with partners and investors.
K. Tovar
Source: Cointelegraph
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