Authored by Nikolaus Hoffman via BitcoinMagazine.com,
Russian state-owned domestic news agency, RIA Novosti, reported that State Duma Deputy Anton Tkachev proposed creating a strategic bitcoin reserve for Russia, claiming they have obtained a copy of the document.
Tkachev, from the New People party, sent the proposal to Russia’s Finance Minister, Anton Siluanov, to create a bitcoin reserve similar to Russia’s traditional currencies reserves.
“I ask you, dear Anton Germanovich, to assess the feasibility of creating a strategic reserve of bitcoin in Russia by analogy with state reserves in traditional currencies,” the document reportedly stated.
“If this initiative is approved, I ask you to submit it to the government of the Russian Federation for further implementation.”
“In conditions of limited access to traditional international payment systems for countries under sanctions, cryptocurrencies are becoming virtually the only instrument for international trade. The Central Bank of Russia is already preparing to launch an experiment in cross-border settlements in cryptocurrency,” the document reportedly goes on to explain.
Tkachev’s document explains that creating…
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