Russian Official Suggests Establishing a Bitcoin Reserve Fund: Media Outlet Claims, A proposal to create a strategic bitcoin reserve was made by Anton Tkachev, a deputy in the Russian parliament, to mitigate the impact of sanctions. Cryptocurrencies are becoming increasingly important for international trade due to limited access to traditional payment systems.
The proposal was made by Anton Tkachev, a deputy in the Russian parliament, who asked Finance Minister Anton Siluanov to assess the feasibility of creating a strategic bitcoin reserve. This move is seen as an attempt to mitigate the impact of sanctions imposed on Russia.
Tkachev believes that cryptocurrencies are becoming increasingly important for international trade due to limited access to traditional payment systems for countries under sanctions. He stated, \”In conditions of limited access to traditional international payment systems for countries under sanctions, cryptocurrencies are becoming virtually the only instrument for international trade.\”
The proposal appears to echo a plan proposed by U.S. President-elect Donald Trump to establish a strategic bitcoin reserve as a store of value to alleviate the pressures of the country’s national debt.
The proposed strategic bitcoin reserve is intended to help counter the threat posed to Russian financial stability by sanctions, inflation, and the volatility of traditional currencies such as the Chinese yuan, U.S. dollars, and the euro.
It remains to be seen whether the proposal will be implemented or what its potential outcomes may be. The idea has sparked interest in the cryptocurrency community, with some seeing it as a positive step towards increased adoption and others expressing skepticism about the feasibility of such a reserve.
The proposal was made by Anton Tkachev, a deputy in the Russian parliament from the New People party. The party has 16 out of the 450 seats in the State Duma.
