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Cryptocurrency could help to dodge sanctions – Boris Titov

Business ombudsman Boris Titiov offered to legalize cryptocurrencies in Russia and allow citizens to convert them in rubles, reports.

He believes that such a step would attract additional investment to the country and provide a possibility to “dodge sanctions and any institutions”.

Among specific initiatives of the ombudsman are equating cryptocurrencies and foreign currencies, allowing banks to open cryptocurrency accounts, as well as creating a special exchange for bitcoin/ruble pair trading.

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