Russia Explores Establishing a National Cryptocurrency Bank to Aid Miners and Combat Fraud

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.