The issuer of the stablecoin, CASHA, has opened an office in Russia as part of its CASHA Foundation structure.

Today we are pleased to announce the launch of a new division in Russia — CASHA FOUNDATION.

The company is proud to present to us its plans and functions that will be performed by specialists of this division:

* Over-the-counter exchange of liquid assets;

* Purchase of stocks, bonds and other financial instruments;

* Financing of Russian cryptocurrency startups;

* Conducting social, sponsorship and charity activities.

The press service of CASHA explained that the decision to create a new division was made in connection with changes in the legislation of the Russian Federation, which open up new horizons for the development of the cryptocurrency segment. This, in turn, creates favorable conditions for the CASHA project and allows you to store financial assets in ruble equivalent on the territory of Russia.

"Although the UAE is currently actively supporting cryptocurrency and companies involved in the development of new technologies, the Russian Federation has greater potential and the opportunity to become a global cryptocurrency center. This decision will allow Russia to strengthen its position in the new technology industry and attract fresh capital to the country's economy," the CASHA company says.

Dmitry Antonychev, the founder of the CASHA cryptocurrency project, has so far refrained from commenting, but promises that we will soon find out more detailed information.

The cryptocurrency community of the AskMe social network is already actively discussing the news that if CASHA opens its doors in Russia, it will become the first legal cryptocurrency company operating under new laws in our country.