Russia Considers Bitcoin Reserve
This is a Russia news story, published by CoinGape, that relates primarily to Bitcoin news.
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foreign currency reservesCoinGape
•Russian Lawmaker Proposes Creating Strategic Bitcoin Reserve for Russia
77% Informative
Anton Tkachev , a deputy from the “New People’s party in the State Duma , submitted an official appeal to Finance Minister Anton Siluanov .
He proposed Bitcoin as an alternative reserve asset, noting that digital currencies are not subject to the controls or financial systems of individual countries.
Bitcoin 's decentralized nature makes it an ideal asset for Russia to store its reserves, enabling it to bypass financial controls.
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