Russian Deputy Anton Tkachev Proposes Bitcoin Reserve to Counter U.S. Sanctions

Dec 9, 2024, 09:57 PM

Anton Tkachev, a deputy in Russia's State Duma from the 'New People' party, has officially proposed to Finance Minister Anton Siluanov the creation of a strategic Bitcoin reserve to strengthen Russia's financial security and counteract international sanctions, particularly those imposed by the United States, according to reports by RIA Novosti. Tkachev suggests that establishing a Bitcoin reserve, modeled on traditional currency reserves, would enhance the nation's economic stability, foster innovation in crypto-backed assets, and provide resistance against geopolitical challenges amid rising global interest in digital assets.