Russia’s New Bitcoin Reserve Proposal to Counter Global Sanctions

• Russia explores Bitcoin reserve to strengthen financial stability and counter international sanctions 
• Global trend shows nations like the US and Brazil adopting Bitcoin reserves amid financial shifts  
• Putin embraces crypto changes, showing Russia’s move toward digital assets in the economy 

Russia is considering a strategic Bitcoin reserve to fortify its economy against global sanctions and growing international scrutiny.

Anton Tkachev, a deputy from the ‘New People’ party in the State Duma, presented this proposal to Finance Minister Anton Siluanov, outlining the benefits of integrating Bitcoin into Russia’s financial system.

JUST IN: Russian State Duma Deputy Anton Tkachev proposed creating a strategic #Bitcoin reserve in Russia, RIA Novosti reports pic.twitter.com/PlwSp24RvF

— Bitcoin Magazine (@BitcoinMagazine) December 9, 2024

Tkachev highlighted the vulnerabilities of traditional foreign exchange reserves, which are exposed to market fluctuations, inflation, and sanctions. Bitcoin’s decentralized nature, he argued, offers a safer alternative by reducing reliance on conventional financial systems.

Tkachev also pointed to Bitcoin’s strong per…

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