Russia plans to build a national-level Crypto Assets bank, referencing the model of Belarus.

[Coin World] Yevgeny Morozov, a member of the Chamber of Commerce of Russian citizens, proposed the establishment of a national crypto assets bank in Russia, modeled after Belarus. Morozov believes that such an institution could help bring the shadow economy worth billions of rubles into the legal framework, thereby increasing federal budget revenue and combating remote fraud and crime financing. The proposed crypto assets bank will also provide Russian miners with a legal way to sell their mining assets. Belarus has set up a crypto assets exchange and brokers in its high-tech park, achieving the decriminalization of digital money and increasing tax revenue.