Bitcoin

A Russian lawmaker has proposed a bill to establish a state fund for Bitcoins to enhance the development of the Russian economy. Anton Tkachev, the State Duma Deputy and a member of the New People Party, handed the proposal to Financial Minister Anton Siluanov.Highlighting Bitcoin’s versatility, Tkachev suggested that it could be an alternative to traditional reserves like the dollar, euro, and yuan. He highlighted that these reserves are vulnerable to inflation and international sanctions. The proposal calls for a Bitcoin reserve similar to existing state reserves in traditional currencies.In his <a href="https://ria.ru/20241209/rezerv-1988201715.html" rel="noopener noreferrer nofollow">letter</a>, Tkachev argued that cryptocurrencies could help <a href="https://cryptotale.org/russia-to-overpower-the-us-strengthens-crypto-position/" rel="noopener noreferrer nofollow">Russia</a> bypass sanctions. He noted that Bitcoin’s decentralized nature makes it independent of any single nation. Tkachev also stated that Bitcoin could play a critical role in global trade for sanctioned countries.The Central Bank of Russia has begun experimenting with cryptocurrency for foreign transactions. This initiative aligns with Tkachev’s proposal, suiting Russia&#39;s goal to diversify its financial systems. Further, Tkachev claimed that the crypto would improve the country’s financial stability amid geopolitical shifts.<a href="https://cryptotale.org/russian-lawmaker-proposes-bitcoin-reserve-amid-sanctions/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Russian Lawmaker Proposes Bitcoin Reserve Amid Sanctions

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