Russian authorities do not discussing anymore the idea to create special economic zones for development of cryptocurrency technologies in Crimea, Far East region or Kaliningrad.

Yury Pripachkin, president of the Russian Association of Cryptocurrencies and Blockchain, revealed that the idea of creating special cryptozones in the Crimea, Kaliningrad and on the Island Russky in Far East region did not gain popularity among Russian authorities.

"Projects are suspended, because there is no decision on their development nor special cryptocurrency legislation. All other projects, such as "CryptoKaliningrad", "Crypto Russky Island", all are now suspended. All talks about them have died down, the projects have been shelved," Pripachkin said in an interview.

He lamented the fact that Russia still has no legislation on cryptocurrencies. According to him, this deprives the country's budget of revenues from new industry.

"Foreign companies that were going to open exchanges offices here see that there is nothing here and began looking for other jurisdictions," he said.

He highly appreciated the prospects of the Russian economy from the development of cryptocurrency technologies. In his opinion, cryptoeconomics will allow to attract up to $20 billion a year to Russia.

Earlier, Russian State Dume supported the idea to establish a cryptocurrency tax haven in the Crimea, said in April the chairman of the Duma's Financial Market Committee Anatoly Aksakov.

"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.