Economist Loboda called the idea of ​​paying prize money in cryptocurrency “an invaluable feature”

A way has been found to bypass sanctions for competition participants

Russian Deputy Prime Minister Dmitry Chernyshenko proposed paying prize money to participants in the “Games of the Future” in cryptocurrency. He stated this on October 19 at the plenary session of the “Russia is a Sports Power” forum in Perm. Chernyshenko noted that such a measure would help, among other things, avoid sanctions consequences for athletes. The expert assessed the prospects.

For the successful holding of sporting events, such as the BRICS Games and the Friendship Games, it is necessary to adopt certain legislative initiatives, as was the case during the Olympic Games or the World Championships, Vice President noted at a meeting of the Council under the President of the Russian Federation for the Development of Physical Culture and Sports -Prime Minister Dmitry Chernyshenko.

This is an objective and correct approach on the part of the government, I am convinced economist, director of communications at BitRiver Andrey Loboda.

“The measure strengthens Russia’s financial sovereignty not only in decision-making, but also in autonomy,” says the expert. “Our country itself can implement the tasks that it will carry out as part of the development of sports without being tied to foreign jurisdictions. About 5% of the assets of the largest investment companies are already invested in digital resources. Interest and understanding of investments in crypto assets continues to grow around the world and in Russia. Russia may have its own, very attractive and priceless feature – this prize fund for prestigious sports competitions could include a certain amount of bitcoins mined using associated petroleum gas in Russian mining data centers.”