Russia Explores Establishing a National Cryptocurrency Bank to Aid Miners and Combat Fraud
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
National Crypto Bank Proposal: Russia is considering establishing a national crypto bank to regulate transactions, support the mining sector, and enhance control over financial flows, aiming to legalize crypto activities and increase tax revenues.
Economic Strategy and Autonomy: The initiative seeks to reduce reliance on Western financial networks and provide a compliant framework for local miners, while also addressing issues of fraud and illegal crypto platforms, although its feasibility is limited by current regulatory constraints.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






