A Russian government advisor and policymaker has urged the government to create a state-owned crypto bank to bring billions of rubles out of the shadows and boost federal budget revenues.

Russian Gov’t Urged To Follow Belarus’ Footsteps

Yevgeny Masharov, a member of the Russian Public Chamber’s commission on public review of draft laws and other regulatory acts, has affirmed that the government should follow Belarus’ steps and explore the creation of a national crypto bank.

In a Tuesday interview with state news media outlet TASS, the government advisor highlighted Belarus’ recent plan to develop robust regulations and establish a digital assets bank. This followed President Alexander Lukashenko’s push for the country’s banks to expand their use of digital assets in cross-border payme

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