As reported TASS, the government of Crimea is considering creating a cryptocurrency Fund to attract foreign investors to bypass the sanctions.
The Deputy Prime Minister of Crimea, Georgy Muradov told journalists on Wednesday:
These schemes bypass sanctions are discussing. One of the ways, by the way – the creation of a cryptocurrency investment Fund in the Crimea, where we will be able to accumulate cryptocurrency resources, translate them into cash and then use it for implementation of those or other investment projects on the Crimean land.
Muradov said that this issue will be raised at the Yalta economic forum, and the attraction of foreign investments into the economy of the Crimea will be one of the key moments of the forum. Muradov added that during the conference they hope to sign ten investment agreements between foreign and Crimean companies.
Fourth international Yalta economic forum “the Future of the world. The future of Russia” will be held from 19 to 21 April. The organizers say that it will be attended by about 3,000 people from 60 countries.
Earlier this week, the Russian government has blocked the application Telegram, which is a favorite way of communicating the cryptocurrency community. To enforce the ban, Roskomnadzor has blocked nearly 20 million IP addresses. Despite all the efforts of the government, users report that it functions without the use of additional means to bypass the lock.
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Meanwhile, dozens of web sites have become inaccessible as a result of blocking IP addresses. Xbox Live, the Microsoft updates and even the Roskomnadzor website was unavailable.