Crimean Blockchain-Cluster Gains Interest from Foreign Investors Declares Local Official


Recently, crypto news outlet, CoinTelegraph reported of new interest peaking for the Crimean Blockchain-Cluster (https://cointelegraph.com/news/foreign-investors-interested-in-crimean-blockchain-cluster-official-claims). It appears like the Representative of the Republic of Crimea serving Under Russian Federation, Georgy Muradov was the one to have shared the details regarding this new interest within foreign investors, primarily Chinese investors.

Talks surrounding the Crimean Blockchain-Cluster supposedly sprung into existence sometime in 2017 and the decision to be in favor of it was confirmed in November 2018, where Muradov was the one to have expressed the need for a blockchain-based cluster. As for its purpose, the cluster is said to be created to replicate a cryptocurrency investment fund to satisfy businesses’ and investors’ needs.

Moving on, authorities supposedly plan to create a crypto exchange, given essential regulations are set within Russia notes Muradov. In addition to attracting investors and businesses, the hopes surrounding the cluster is to eventually rid dependency on the dollar due to existing banking restrictions.

As for Russia’s current stance on crypto regulation, a supposed draft is sitting around for “significant edits,” reports CoinTelegraph.

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