Joker on Nostr: Hmmmm? Somebody Is Going To Get Phucked And It Aint Going To Be Us! Russian Lawmaker ...
Hmmmm? Somebody Is Going To Get Phucked And It Aint Going To Be Us!
Russian Lawmaker Proposes Creating Strategic Bitcoin Reserve While Putin Says No One Will Be Able To Ban
Anton Tkachev proposed "assessing the feasibility of creating a strategic BTC reserve in Russia."
* The Reserve Would Help Counter The Threat Posed To Russian Financial Stability Posed By Sanctions, Inflation And The Volatility Of Traditional Currencies Such As The Chinese Yuan, U.S. Dollars And The Euro,.
* The Proposal Would Be An Apparent Echo Of The Plans In The U.S. By President-Elect Donald Trump.
"In conditions of limited access to traditional international payment systems for countries under sanctions, Bitcoin is becoming virtually the only instrument for international trade," Tkachev said in the proposal.
The proposal appears to echo U.S. President-elect Donald Trump's plan to establish a strategic BTC reserve as a store of value to alleviate the pressures of the country's national debt.
Can't Ban Bitcoin
The Russian president said Bitcoin will continue to develop no matter what happens to the U.S. dollar.
* Russian President Vladimir Putin Said Nobody Has The Power To Ban Bitcoin And That Bitcoin Will Naturally Continue To Develop.
* Last Week, Putin Signed A Law That Declares Bitcoin As Property, A Significant Step In Regulating The Industry.
“Who can ban bitcoin? Nobody,” Putin said at an investment conference in Moscow on Wednesday. "This is a new technology and no matter what happens to the dollar, this tool will develop one way or another because everyone will strive to reduce costs and increase reliability,” he said.
Just last week, Putin signed a law classifying Bitcoin as a form of property in foreign trade settlements under an experimental legal regime, taking a significant step in Bitcoin regulation.
The action was part of the country’s evolving strategy to circumvent Western sanctions that have hit the country's economy following its invasion of Ukraine. The sanctions from countries including the U.S. have spurred Russia to legalize cross-border payments with Bitcoin.
Remainder Of The Article: Ultimate Resource Covering Strategic Bitcoin Reserves For Nation-States: https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/ultimate-resource-covering-strategic-bitcoin-reserves-for-nation-states/
Russian Lawmaker Proposes Creating Strategic Bitcoin Reserve While Putin Says No One Will Be Able To Ban
Anton Tkachev proposed "assessing the feasibility of creating a strategic BTC reserve in Russia."
* The Reserve Would Help Counter The Threat Posed To Russian Financial Stability Posed By Sanctions, Inflation And The Volatility Of Traditional Currencies Such As The Chinese Yuan, U.S. Dollars And The Euro,.
* The Proposal Would Be An Apparent Echo Of The Plans In The U.S. By President-Elect Donald Trump.
"In conditions of limited access to traditional international payment systems for countries under sanctions, Bitcoin is becoming virtually the only instrument for international trade," Tkachev said in the proposal.
The proposal appears to echo U.S. President-elect Donald Trump's plan to establish a strategic BTC reserve as a store of value to alleviate the pressures of the country's national debt.
Can't Ban Bitcoin
The Russian president said Bitcoin will continue to develop no matter what happens to the U.S. dollar.
* Russian President Vladimir Putin Said Nobody Has The Power To Ban Bitcoin And That Bitcoin Will Naturally Continue To Develop.
* Last Week, Putin Signed A Law That Declares Bitcoin As Property, A Significant Step In Regulating The Industry.
“Who can ban bitcoin? Nobody,” Putin said at an investment conference in Moscow on Wednesday. "This is a new technology and no matter what happens to the dollar, this tool will develop one way or another because everyone will strive to reduce costs and increase reliability,” he said.
Just last week, Putin signed a law classifying Bitcoin as a form of property in foreign trade settlements under an experimental legal regime, taking a significant step in Bitcoin regulation.
The action was part of the country’s evolving strategy to circumvent Western sanctions that have hit the country's economy following its invasion of Ukraine. The sanctions from countries including the U.S. have spurred Russia to legalize cross-border payments with Bitcoin.
Remainder Of The Article: Ultimate Resource Covering Strategic Bitcoin Reserves For Nation-States: https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/ultimate-resource-covering-strategic-bitcoin-reserves-for-nation-states/