Strategic Bitcoin Reserve Proposed by Russian State Duma Deputy

Quick Summary:

Anton Tkachev, a State Duma deputy from the “New People” party, has formally proposed the establishment of a Strategic Bitcoin Reserve (SBR).

Tkachev submitted an appeal to the Russian Minister of Finance, Anton Siluanov, advocating for the creation of a Bitcoin reserve analogous to the country’s existing reserves in traditional currencies.

The document further elaborates on the economic benefits, noting that Bitcoin has demonstrated substantial returns compared to other investment assets.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: HungaryBrazilPolandRussian FederationUnited States

Topics: Bitcoin Russia BTC news Bitcoin Strategic Bitcoin Reserve Russia Bitcoin Vladimir Putin Btc price Btc Bitcoin price Bitcoin news Bitcoin News Russia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 07:00:07 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 543 words

Reading Time: 4 minutes read

Sentences: 43 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 24316961

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Official Website: bitcoinist.com

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News Last Updated: 8 hours ago

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