[ad_1]
Voices of experts warn that a mass exit from cryptocurrencies and blockchains is already underway in Russia, with companies looking for a way out amid concerns that the nation is “lagging behind” other more business-friendly regions. .
According to DP.ru, Yuri Brisov, member of the Commission for Legal Support of the Digital Economy of the Moscow branch of Russian Bar Association, global trends that have seen intensified investments in cryptocurrency and blockchain companies in recent years are shifting from Russia.
Brisov said Russia was moving away from countries where real-world applications of the technology are expected to make their debut soon.
The lawyer stated,
“Russian clients mainly come to us with questions about how to transfer their businesses from Russia to jurisdictions where it is possible to work legally with cryptocurrencies and blockchains. Fortunately, there are enough of these types of jurisdictions out there. Russia is starting to lag far behind the rest of the world in this regard. “
The media pointed out that the past few months have been relatively quiet for the Russian crypto and blockchain scene, despite numerous advances being made elsewhere.
He noted that the latest “major media project” was the issuance of a crypto-backed loan, led by Expobank in late summer.
Since then, the outlet has reported that “nothing new or interesting has appeared on the market, even though many were expecting a recovery” after Moscow issued its first cryptocurrency legislation, also in the summer of this year. ‘year.
The same store also noted that despite being talked about Norilsk Nikelthe much-discussed tokenized asset exchange platform, which has yet to materialize about 10 months after obtaining regulatory clearance for launch.
Brisov commented,
“The industry has waited a long time for legislation. But the text of the law confused everyone even more. Large companies have given up on blockchain or have suspended their projects, waiting for better times “.
___
To know more:
Banking giant Sberbank could launch tokens, a digital asset trading platform
Experts divided on new Russian crypto regulations
The Russian ministry wants to imprison citizens who do not report bitcoin earnings
Russian central bank reprimanded for ‘deliberately slowing down crypto progress’
