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Today, Russia’s state-run domestic news agency, RIA Novosti, reported that State Duma Deputy Anton Tkachev proposed to create a strategic bitcoin reserve in Russia, saying they had found a copy of the document.
Tkachev, from the New People group, sent a proposal to the Minister of Finance of Russia, Anton Siluanov, to create a bitcoin reserve similar to traditional Russian currencies.
JUST IN: Russian State Duma Deputy Anton Tkachev proposed to create a strategy #Bitcoin kept in Russia, RIA Novosti reports 🇷🇺 pic.twitter.com/PlwSp24RvF
– Bitcoin Magazine (@BitcoinMagazine) December 9, 2024
“I am asking you, dear Anton Germanovich, to examine the possibility of creating a bitcoin depository in Russia in parallel with traditional depositories,” the document said. “If this program is approved, I ask that you send it to the government of the Russian Federation so that it can continue to work.”
“In cases of limited access to traditional international payment systems of countries under sanctions, cryptocurrencies become almost the only instrument of international trade. The Central Bank of Russia is already preparing to launch an examination of cross-border settlements with cryptocurrency,” the document reportedly continues to explain.
Tkachev’s article explains that creating a strategic Bitcoin reserve could improve Russia’s financial stability, noting that traditional reserve currencies such as the dollar, euro, and yuan are all subject to inflation and sanctions, and that the new alternative is independent of any individual country. it is necessary.
This development continues the trend of countries that want to build strategic bitcoin reserves, including the United States, El Salvador, Brazil, Poland, and others. An initiative led by the United States and President-elect Donald Trump, the US is looking to create a depository of more than 1 million bitcoins, which seems to have caught the attention of some Russian officials.
Just five days ago, Russian president Vladimir Putin publicly stated that no one can stop or prevent the use of Bitcoin, and that it will continue to develop. Earlier this year, Putin also signed a new law legalizing Bitcoin and cryptocurrency mining within the country.
BREAKING: 🇷🇺 said Russian President Putin "Who can block #Bitcoin? There is no." pic.twitter.com/6mJ664BZZ8
– Bitcoin Magazine (@BitcoinMagazine) December 4, 2024