Selloff or Market Correction? Either Way, Here's What to Do Next!See Overvalued Stocks

Russia’s New Bitcoin Reserve Proposal to Counter Global Sanctions

Published 10/12/2024, 11:15
Updated 10/12/2024, 11:45
Russia’s New Bitcoin Reserve Proposal to Counter Global Sanctions
EUR/RUB
-
USD/RUB
-
CNY/RUB
-
BTC/USD
-

Coin Edition -

  • 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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.