Expert voices are warning that a mass crypto and blockchain exit is already underway in Russia, with companies seeking a way out over concerns that the nation is “lagging behind” other more business-friendly regions.
Per DP.ru, Yuri Brisov, a member of the Commission on the Legal Support of the Digital Economy of the Moscow branch of the Russian Bar Association, global trends that have seen investment in crypto and blockchain companies intensify in recent years are passing Russia by.
Brisov said that Russia was falling away from countries where real-world applications of the technology are soon set to make their debuts.
The lawyer stated,
“The industry waited a very long time for legislation. But the text of the law confused everyone even more. Big businesses have either given up on blockchain, or have put their projects on hold, waiting for better times.”
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