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Russia Considers Creating a Financial Center for Cryptocurrency Trading on the Chinese Border

According to the head of the Agency of the Far East for Investments and Exports (IPA), Leonid Petukhov, a proposal is being considered to create an offshore financial center on Bolshoy Ussuriysky Island. The island, located between the borders of China and Russia, would be a hub for cryptocurrency trading — as well as other financial operations.


The recently-held St. Petersburg International Economic Forum concluded on June 8. Among other topics, cryptocurrencies were hot on the agenda — with multiple state representatives weighing in.


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