Date: a month ago   Category: Economy

Glazyev suggested to create "cryptoplatform" in the Crimea for a circumvention of sanctions — Rambler News Service


Photo: Alexey Malgavko / RIA Novosti the Adviser to the president Sergey Glazyev suggested to create in the Crimea the platform for attraction of foreign investments on the peninsula in circumvention of sanctions by means of cryptocurrencies or other types of digital money. According to him, the release of the digital currency tied to square meter of the real estate could become the first step in this direction. "I would offer within our general work on digitalization... to introduce digital monetary technologies. I think that it will sharply lower barriers cross-border. Foreign investors cannot come here because are afraid of sanctions. And sanctions are generally carried out through banks. Respectively, any investment passing through large bank will not reach the Crimea if we mean the international banks. Because the investor will receive sanctions. And here use of digital money, whether it be cryptocurrencies or so-called stable coins (the digital money tied to gold or some other material asset), they quietly pass through border, and no sanctions to them are scary" — Glazyev told during the plenary session of the Yalta international economic forum. The adviser to the president suggested to create the experimental platform on work with digital money. "Considering huge demand in the long term long-term on housing construction, on sanatorium construction, it is possible to start stable digital unit. Let's tell, to tie to square meter of the area. And to change the corresponding procedures for placement of these tokens which will be tied to one square meter, to raise necessary quantity of money not only across Russia, but also in the world to carry out investments into large-scale housing, sanatorium, educational construction" — Glazyev explained. Glazyev noted that need for use of digital money in the Crimea is explained also relatively by low activity of banks the peninsula. "We need to think of that in the Crimea to create modern conditions for expansion of the credit. Unfortunately, the Bank of Russia does not give the grounds to think that it will be made at the federal level, actually the credit mechanism, the transmission mechanism of a banking system almost does not work for us, a share of the credits in assets of state banks even less 7% I mean the investment credits" — Glazyev noted.

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