Crimean authorities mulling to create cryptocurrency fund to overcome sanctions

Investment of foreign private companies in the Crimean economy is one of the key points of the discussions that will be held at the Yalta International Economic Forum.

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Russian-occupied Crimean authorities are mulling over a possibility of creating a cryptocurrency fund for foreign investors to ensure they avoid international sanctions.

"We are discussing these schemes to overcome sanctions. By the way, one of them is the creation of a cryptocurrency investment fund in Crimea where we can accumulate cryptocurrency resources, exchange them into cash and then use them to implement certain investment projects on Crimean land, said Vice Prime Minister of the Crimean "government," Permanent Representative of Crimea under the President of the Russian Federation Georgy Muradov, Russian news agency TASS wrote.

According to Muradov, investment of foreign private companies in the Crimean economy is one of the key points of the discussions that will be held at the Yalta International Economic Forum.

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