Sergei Glazyev: cryptocurrency will allow you to bypass sanctions

You need to use crypto-currencies to bypass the sanctions, said the adviser to the Russian President Sergei Glazyev on the sidelines of the ongoing Moscow World Summit of the Blockchain and Cryptocurrency.

«This issue is so obvious that it does not even have to offer it a specific question of practical work. We see that the banks were very vulnerable to sanctions, including Russian banks. The degree of dollarization of the world economy is so high that the Americans do with their sanctions to block large segments of foreign trade, and, of course, this creates new demand for the cryptocurrency. This objective applies not only to Russia but to all countries, against which the Americans impose sanctions», – he said.

However, Glazyev said that he is not preparing the relevant proposals, because it is not its function.

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