Russia Weighs Bitcoin Reserve As Deputy Warns Sanctions Leave Crypto ‘Only Instrument For Trade’ Amid Trump’s Pro-Bitcoin Push
Russia is considering establishing a strategic Bitcoin (CRYPTO: BTC) reserve amid growing tensions with Western financial systems and following President-elect Donald Trump‘s pro-cryptocurrency stance in the United States.
What Happened: State Duma deputy Anton Tkachev proposed creating a Bitcoin reserve to Russian Finance Minister Anton Siluanov on Tuesday, according to RIA Novosti, a Russian state-owned news agency. The proposal comes as Bitcoin trades near $100,000, marking a significant growth in cryptocurrency adoption by major nations.
“In conditions of limited access to traditional international payment systems for countries under sanctions, cryptocurrencies are becoming virtually the only instrument for international trade,” Tkachev stated in his appeal to Siluanov.
The move aligns with Trump’s recent pledge to establish a national Bitcoin reserve in the …
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