While US cracks down on Russian with more strict economic sanctions, Kremlin seeks the way to pass over financial barriers via cryptocurrencies.

The Russian State Duma supports the idea to organize a cryptocurrency tax haven in the Crimea, said the chairman of the Duma's Financial Market Committee Anatoly Aksakov on the sidelines of the Yalta International Economic Forum.

"Yes, a cryptocurrency tax haven in the Crimea is a good idea. Here, there are all conditions for it. In addition, local companies need investments, and attracting them through tokens is a good option," Aksakov said.

He added that it is most likely that the Crimea will host a cryptocurrency exchange or become a jurisdiction for ICO projects.

"Mining for the Crimea is an illusion. But ICO and crypto-exchange are quite real. I know that profile organizations are working hard at this issue," he added.

Earlier Aksakov also said that the cryptoruble, Russian national cryptocurrency, must necessarily have a single emission center represented by the Central Bank and that there are no plans to issue it, at least, within the next two years.

The idea of ​​creating a tax haven in the Crimea is also supported by Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs (RSPP). He proposed the creation of special zones in the Crimea and the Kaliningrad region.

"I think that both the Crimea and Kaliningrad region fit to obtain this status [of a tax haven]. The Kaliningrad region has long been a kind of customs haven zone. If not the entire region, but at least a part that adjoins the regional airport Khrabrovo to the Kursckaya spit could become something like Hong Kong or Cayman Islands," he said in an interview to the state TV.

"First of all, I'm speaking about such structures which are common in Luxembourg, Netherlands, and so on," Shokhin explained, adding that there is an opportunity to create a competitive infrastructure, including tax indulgency and no fiscal burdens.