Anton Tkachev, a State Duma deputy from the New People Party, has formally proposed establishing a strategic Bitcoin reserve in Russia.<\/p>\n
Tkachev sent an appeal to Russian Finance Minister Anton Siluanov urging an assessment of the feasibility of creating such a reserve.<\/p>\n
The document, cited<\/a> by local media, highlights Bitcoin\u2019s potential as an alternative to traditional currency reserves.\u00a0In the appeal, Tkachev addressed the finance minister, writing:<\/p>\n \u201cI ask you, dear Anton Germanovich, to assess the feasibility of creating a strategic Bitcoin reserve in Russia by analogy with state reserves in traditional currencies.\u00a0If this initiative is approved, I ask you to submit it to the government of the Russian Federation for further implementation.\u201d<\/p>\n His proposal outlines the challenges of reliance on traditional currencies susceptible to volatility, sanctions, and inflation. Tkachev explained that these vulnerabilities threaten Russia\u2019s financial stability. He noted the need for innovative financial instruments, including alternative reserve assets independent of any single nation, to address modern geopolitical challenges.<\/p>\n The report also emphasized the rising significance of cryptocurrencies in global trade. The official noted that they have become a critical tool for nations facing sanctions and limited access to traditional payment systems. He also highlighted the Central Bank of Russia\u2019s ongoing efforts<\/a> to trial cross-border crypto payments.<\/p>\n Additionally, Tkachev pointed out Bitcoin\u2019s performance, citing its rise<\/a> to $100,000 in December 2024 as evidence of its potential as a store of value and a source of significant profits for state reserves.<\/p>\n The proposition follows comments by Russian President Vladimir Putin, who supported Bitcoin during the Investment Forum in Moscow on December 4. Putin described <\/a>the cryptocurrency as an \u201cunstoppable technology\u201d and endorsed its potential as a global reserve asset.<\/p>\n The president criticized the U.S. for leveraging the dollar\u2019s dominance to enforce political agendas. He cited Western nations\u2019 freezing of $300 billion in Russian reserves after the 2022 Ukraine war as a key factor driving countries to explore alternatives like Bitcoin.<\/p>\n Emphasizing the resilience of digital currencies, Putin stated that no one can ban Bitcoin or other electronic payment systems, predicting their continued development as nations seek lower costs and improved reliability.<\/p>\n This development aligns with a growing global trend of governments considering Bitcoin as a reserve asset. In the United States, recent months have seen increased interest in Bitcoin reserves following Donald Trump\u2019s election win, with several states initiating related legislation.<\/p>\n Vancouver Mayor Ken Sim recently announced<\/a> plans to incorporate Bitcoin into the city\u2019s investment portfolio, aiming to establish it as a crypto-friendly hub.<\/p>\n Other international leaders, including Venezuelan <\/a>opposition figure Mar\u00eda Corina Machado and Polish <\/a>presidential candidate S\u0142awomir Mentzen, have also championed the idea of Bitcoin reserves for their respective nations.<\/p>\n The post Russian Lawmaker Proposes Strategic Bitcoin Reserve: Report<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Anton Tkachev, a State Duma deputy from the New People Party, has formally proposed establishing a strategic Bitcoin reserve in Russia. Tkachev sent an appeal to Russian Finance Minister Anton Siluanov urging an assessment of the feasibility of creating such a reserve. Arguments in Support of the Initiative The document, cited by local media, highlights […]<\/p>\n","protected":false},"author":0,"featured_media":27256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27255"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27255"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/27256"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Putin Shows Public Support For Bitcoin<\/h2>\n