Russian state news agency RIA Novosti reported that State Duma Deputy Anton Tkachev said Bitcoin is a strategic option for Russia. $97,364.3 He stated that he suggested creating a reserve. Tkachev presented this proposal to Russian Finance Minister Anton Siluanov.
Details of the proposal
Tkachev is from the New People party and forwarded his proposal to the Ministry of Finance in the form of an official document. The document calls for the Bitcoin reserve to be created similar to Russia’s traditional currency reserves.
The document states that cryptocurrencies have become almost the only tool in conditions of limited access to international payment systems. It is also stated that the Central Bank of Russia is preparing for cross-border payment experiments with crypto money. Similarly, Iran made it possible for some companies to use BTCs mined in the country for trade. What Russia and Iran have in common is that they are sanctioned by the USA.
Putin’s Statements
Five days ago, Russian President Vladimir Putin announced that the use of Bitcoin cannot be banned and this area will continue to develop. Additionally, Putin signed a new law earlier this year legalizing Bitcoin and cryptocurrency mining in the country.
Russian President Vladimir Putin: “No one can ban Bitcoin. “It will continue to improve.”
Tkachev’s document underlines the need for an independent alternative, stating that traditional currency reserves are exposed to inflation and sanctions. It is emphasized that the creation of a Bitcoin reserve can increase Russia’s financial stability.
This development reflects the trend of countries such as the United States, El Salvador, Brazil and Poland to create strategic Bitcoin reserves. Under the leadership of new President Donald Trump, the USA plans to create a strategic reserve of 1 million BTC.
In this context, it seems that Russian officials are influenced by this US initiative. Cryptocurrencies are expected to play an increasingly important role in financial strategies around the world.
Russia’s initiative to create a strategic Bitcoin reserve is considered as part of the country’s efforts to strengthen its financial independence and seek alternative solutions in the face of international sanctions. This step points to the increasing importance of cryptocurrencies in global economic dynamics.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
