Foreign investors will be able to invest money in Crimea through an “encrypted scheme”

The use of crypto currency will allow foreign investors without fear to invest in the Crimean economy through an encrypted scheme, said the head of the Duma committee on the financial market Anatoly Aksakov.

Foreign investors will be able to invest in the economy of Crimea thanks to an encrypted scheme that involves the use of cryptocurrency. Such a statement was made today by the head of the State Duma Committee on the financial market Anatoly Aksakov.

However, the parliamentarian noted that this scheme will function successfully only if the crypto currency is a legitimate payment instrument on the territory of the Russian Federation.

At a certain stage, crypto money can still appear, Aksakov said on the air of the radio station “Sputnik in the Crimea”, noting that this requires a corresponding decision by the Central Bank of Russia. The interlocutor of the radio station specified that crypto money should be tied to real money. According to the forecast of Anatoly Aksakov, such a mechanism of work will attract foreign investors to Crimea, who currently do not risk openly investing money in the development of the Crimean economy. The parliamentarian explained that thanks to the encrypted scheme they will have an opportunity to invest in those projects that they find interesting and promising in terms of generating revenues.

Aksakov also added that the potential interest of investors to the Crimea is present. In particular, Asian and European investors are interested in projects in this region, he summed up.

yaltaRecall that the Crimea became a subject of the Russian Federation four years ago after a referendum held on the peninsula, during which the population of Crimea almost unanimously voted for secession from Ukraine and joining Russia. However, the West still does not recognize Crimea as a Russian region, considering it an occupied territory of Ukraine. Some sanctions restrictions imposed by Western countries do not allow foreign investors to invest in the development of the Crimea.

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