{"id":19353,"date":"2024-12-09T18:03:00","date_gmt":"2024-12-09T16:03:00","guid":{"rendered":"https:\/\/forklog.com\/en\/russian-finance-ministry-urged-to-establish-bitcoin-reserve\/"},"modified":"2024-12-09T18:03:00","modified_gmt":"2024-12-09T16:03:00","slug":"russian-finance-ministry-urged-to-establish-bitcoin-reserve","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/russian-finance-ministry-urged-to-establish-bitcoin-reserve\/","title":{"rendered":"Russian Finance Ministry Urged to Establish Bitcoin Reserve"},"content":{"rendered":"<p>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 <a href=\"https:\/\/tass.ru\/ekonomika\/22619847\">TASS<\/a>.<\/p>\n<p>Tkachev argues that traditional currency reserves, including yuan, US dollars, and euros, are subject to volatility, sanctions, and inflation, posing a threat to the nation&#8217;s financial stability.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Modern challenges necessitate the implementation of not only new payment systems but also alternative reserve storage instruments that are independent of individual countries,&#8221; the document states.<\/p>\n<\/blockquote>\n<p>The deputy noted that digital gold has demonstrated one of the highest returns among all investment assets.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This makes bitcoin not only a tool for preserving value but also an opportunity for significant profit,&#8221; he emphasized.<\/p>\n<\/blockquote>\n<p>Tkachev has requested the Finance Minister to assess the feasibility of creating a cryptocurrency reserve and, if approved, to present the corresponding initiative to the Russian government.<\/p>\n<p>Previously, Anatoly Aksakov, head of the State Duma&#8217;s Financial Market Committee, rejected the idea of storing budget funds in bitcoin, at least in the near future. He cited the asset&#8217;s high volatility and technical characteristics as reasons for his stance.<\/p>\n<p>In July, Wyoming Senator Cynthia Lummis announced the preparation of the <a href=\"https:\/\/forklog.com\/en\/news\/senator-cynthia-lummis-proposes-bill-for-us-bitcoin-reserves\">Bitcoin Act<\/a>, a bill that would allow the US to create a reserve of the first cryptocurrency.<\/p>\n<p>CoinShares has positively assessed the prospects of such a decision.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1641,1138,1473,27],"class_list":["post-19353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitcoin-reserves","tag-opinions","tag-reserve-currencies","tag-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"42","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19353"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19352"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}