A member of the Russian Public Chamber suggests establishing a national-level crypto bank, following the example of Belarus.

According to Jinse Finance, citing TASS, Evgeny Morozov, a member of the Russian Public Chamber, has suggested establishing a national-level crypto bank, following the example of Belarus. He stated that this would help bring shadow settlements worth hundreds of billions of rubles into a legal framework, increase federal budget revenues, and combat remote fraud and criminal financing. At the same time, a crypto bank could also provide Russian miners with a compliant channel to sell their mining proceeds. Currently, Belarus has already set up crypto exchanges and brokers in its High-Tech Park, achieving both the decriminalization of digital currencies and tax revenue growth.