Lawyer Warns Russian Crypto, Blockchain Exodus Has Already Begun

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,

“Russian clients mainly come to us with inquiries about how to transfer their businesses from Russia to jurisdictions where it is possible to work with crypto and blockchain legally. Fortunately, there are enough of these kinds of jurisdictions out there. Russia is beginning to lag far behind the rest of the world in this respect.”

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