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Культовый журнал о биткоине, технологии блокчейн и цифровой экономике. forklog hub Площадка для общения криптосообщества. Соединяем компании и пользователей.

#Reserve Currencies

Currencies held in significant quantities by governments and institutions as part of their foreign exchange reserves.

Russian Finance Ministry Urged to Establish Bitcoin Reserve
ForkLog 38 09.12.2024

Russian Finance Ministry Urged to Establish Bitcoin Reserve

Anton Tkachev, a State Duma deputy from the New People faction, has approached Russian Finance Minister Anton Siluanov with a proposal to establish a strategic bitcoin reserve, according to a document cited by TASS. Tkachev argues that traditional currency reserves, including yuan, US dollars, and euros, are subject to volatility, sanctions, and inflation, posing a […]
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Russia Dismisses Proposal for Bitcoin Reserves
ForkLog 15 29.11.2024

Russia Dismisses Proposal for Bitcoin Reserves

Russia has no immediate plans to store budget reserves in the leading cryptocurrency. This was stated by Anatoly Aksakov, head of the State Duma Committee on Financial Markets, in an interview with Parliamentary Newspaper. He attributed this stance to the asset’s high volatility and technical characteristics. “Bitcoin is backed by private individuals, and it is […]
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Tether Acquires Additional 8888 BTC, Bitcoin Reserves Reach $5.23 Billion
ForkLog 14 01.04.2024

Tether Acquires Additional 8888 BTC, Bitcoin Reserves Reach $5.23 Billion

On March 31, the issuer of USDT, Tether, increased its bitcoin reserves by 8888 BTC ($618 million), bringing the total to 75,354 BTC ($5.23 billion). Source: Blockchain.com. With this latest transaction, the company has moved to the seventh position among the largest holders of digital gold, holding 0.359% of its supply among private and public […]
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VanEck sees bitcoin rising to as much as $4.8 million if it becomes a reserve asset
ForkLog 12 01.04.2022

VanEck sees bitcoin rising to as much as $4.8 million if it becomes a reserve asset

Bitcoin could reach a range of $1.3 million to $4.8 million if it attains global reserve currency status. Those projections come from VanEck's analysts.
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Russia's Foreign Ministry does not rule out replacing the reserve dollar with digital assets
ForkLog 14 19.10.2021

Russia’s Foreign Ministry does not rule out replacing the reserve dollar with digital assets

Russia will continue to reduce the share of the dollar in its national reserves and in settlements with other countries; in the long run it could be replaced by some digital assets.
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Ex-Canadian prime minister sees Bitcoin and CBDCs contesting the dollar for reserve-currency status
ForkLog 17 18.01.2021

Ex-Canadian prime minister sees Bitcoin and CBDCs contesting the dollar for reserve-currency status

Bitcoin and national digital currencies (CBDCs) could potentially bolster the basket of reserve currencies and become an alternative to the US dollar. This view was expressed by former Canadian prime minister Stephen Harper.
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