Russia may launch pilot testing of its national digital currency in Crimea

The Crimean Peninsula

The Crimean Peninsula could be the first Russian region to use the digital ruble, which may help local businesses to bypass sanctions, the head of the State Duma Committee on the Financial Market, Anatoly Aksakov, has revealed.

Aksakov said he had already discussed the project with Crimean IT specialists, including its possible use for transactions with both domestic Russian firms and the external market. According to the official, this could become a way to overcome the restrictions Crimea is facing after it re-joined Russia in 2014. 

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