Russian and Iranian Crypto Sectors in Cooperation Talks
Russian and Iranian crypto and fintech industry group leaders have discussed ways the nations could use tokens to evade sanctions and facilitate trade.
The talks were held at a summit in Tehran named the International Exhibition of Financial Industries.
A panel discussion on crypto adoption was uploaded to the event’s official channel on the Aparat video sharing platform.
The panel featured Iranian government officials, such as the head of the Ministry of Information and Communication Technology’s innovation and investment department.
No Russian government officials were in attendance at the panel session.
But one notable speaker was Alexander Brazhnikov, the Executive Director of the Russian Association of the Cryptocurrency and Blockchain Industry (RACIB).
The RACIB is one of the most outspoken and prominent Russian crypto industry organizations.
Also in attendance was the Secretary of the Iranian Fintech Association Mustafa Amiri.
Brazhnikov’s counterpart, the CEO of the Iran Blockchain Association Abbas Ashtiani also attended.
The panel discussed the changing regulatory framework for crypto in Russia and Iran.
Brazhnikov suggested that he expected to see new legislation come into force in Russia by September.
Lawmakers are hopeful of legalizing the use of crypto in international trade, with Moscow frozen out of most USD-powered trade.
The Russian Central Bank has explained that it wants to introduce a “pilot” where it can “supervise” trading companies as they conduct crypto transactions under its purview.
Rosbank, one of the nation’s biggest banks, is also reportedly facilitating trade for Russian businesses via a pilot program.
But Brazhnikov suggested that companies that want to trade using crypto instead of fiat need not
Read more on cryptonews.com
