Alexander Abramov, Roman Abramovich, Roman Trotsenko, and Igor Rybakov are among the many Russian billionaires who are jumping on the crypto-train, prior to the upcoming introduction of the first state-backed cryptocurrency, the CryptoRuble. This should not come as a surprise.
To date, Russia has consistently taken a rather hardline on cryptocurrencies and Bitcoin in particular:
However, on November 21, 2017, The Bell, a Russian business news website, reported this is not stopping many Russian Billionaires, including Alexander Abramov, Roman Abramovich, Roman Trotsenko, and Igor Rybakov, from investing hundreds of millions into various crypto-platforms such as Blackmoon Crypto.
As is common of controversial political issues in Russia, details are scarce and often contradictory. That said, a few things can be surmised; as recent coverage of the shell company leaks (Panama and Paradise Papers) has revealed, Russian billionaires and members of upper society are often intimately involved with those at the highest levels of government. This being the case, it is likely these billionaires are operating based on inside knowledge of internal Russian political agendas and are not investing in crypto-platforms that are, or will be, deemed illegal in Russia. Although, the later remains a distinct possibility also, due to the rampant criminality at the highest levels of the Russian kleptocracy (US State Department has referred to Russia as a “Mafia state”)…