The Russian parliament proposes to include BTC in the strategic reserve assets to counter international economic sanctions

According to RIA Novosti, Deputy Chairman of the Russian State Duma (legislature) Anton Tkachev appealed to Russian Finance Minister Anton Siluanov through a document, suggesting that Russia create a strategic reserve of BTC. Suggested reasons include geopolitical instability and the vulnerability of traditional coin reserves (including people's coins, dollars, and euros) to fluctuations, sanctions, and inflation. (Synopsis: The ruble "collapsed" the lowest after the war between Ukraine and Russia!) Central Bank urgently calls for a stop-and-go exchange, expert: Russia's economy is on the verge of collapse) (Background added: Putin: No one in the world can ban BTC!) The rise of digital coins cannot be reversed) After Trump won the presidential election, market expectations for Trump's previously promised encryption policy soared, which in turn pushed BTC to break the $100,000 barrier earlier. Not only that, under Trump's commitment to "treat BTC as a reserve asset of the United States", entities in various countries also intend or continue to purchase BTC as a reserve asset of the company. In addition, under the precedent of El Salvador using BTC as a legal coin and reserve, Russia seems to be interested in including BTC in its asset reserve. According to a report by RIA Novosti yesterday (9), Anton Tkachev, a member of the Russian State Duma "New People" document, appealed to Russian Finance Minister Anton Siluanov through the document, suggesting that Russia establish a BTC strategic reserve. According to RIA Novosti, a copy of the document obtained reads as follows: Dear Anton Siluanov, I ask you to assess the feasibility of creating a BTC strategic reserve in Russia, a move similar to the state's reserves in traditional coins. If the initiative is approved, submit it to the Government of the Russian Federation for further implementation. For sanctioned countries, with limited access to traditional international payment systems, cryptocurrency effectively becomes the only tool for international trade. The Central Bank of Russia is currently preparing to launch a pilot program for cross-border cryptocurrency settlement. Anton Tkachev's document explains that in the context of geopolitical instability, traditional coin reserves (including people's coins, dollars and euros) are vulnerable to fluctuations, sanctions and inflation, which pose a threat to the financial stability of the country. Current global challenges require the adoption of not only new payment systems, but also alternative reserve instruments that are not dependent on specific countries. Is digital coin expected to rise in Russia? On the other hand, according to previous reports in the zone, the Russian President (Vladimir Putin) said at the BRICS meeting in mid-October that the time is still not ripe to create a BRICS unified coin, and the economic integration of the BRICS countries must reach a high level before the unified currency can be launched. At the same time, Putin also suggested that BRICS countries can use digital coin in investment. Not only that, but Putin also gave his opinion on BTC and digital payments on the Russia Calling investment forum, and said that no one can ban BTC: Who can ban BTC? No one can. Who can ban the use of other electronic payment methods? And no one can. Because these are new technologies. Given Putin's previous support for digital coins, especially BTC, Anton Tkachev's proposal to include BTC in Russia's asset reserves may be expected to be adopted by the Putin government. BTC Decentralized Finance Development Status: How Far Have We Come? It is difficult for the United States to build BTC reserves! Expert: The Fed is currently losing $1 billion a week, and there is no money to buy BTC Analysis: Unless there is a surge in capital inflows, BTC will consolidate at $100,000 for a long time "The Russian parliament proposes to "include BTC in strategic reserve assets" as a counterweight to international economic sanctions" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".