BCGAME - Free 5BTC Daily Bonus!In a significant development for the sector, Russia is expected to evaluate a proposal to create a national reserve of Bitcoin. The proposal was made by Russian State Duma deputy Anton Tkachev, who called for the creation of a national Bitcoin reserve.
According to information shared by a media local, Tkachev forwarded an appealing document to the Minister of Finance of the Russian Federation, Anton Siluanov, in which he highlighted his proposal to create a strategic Bitcoin reserve in the country.
“I ask you, dear Anton Germanovich, to assess the feasibility of creating a strategic bitcoin reserve in Russia by analogy with state reserves in traditional currencies. If this initiative is approved, I ask you to submit it to the Government of the Russian Federation for further implementation,” part of the document reads.
In his justification, the parliamentarian highlighted threats to the State's financial stability, including asset volatility, the impact of sanctions and inflation amid the geopolitical instability faced by the country.
“In conditions of limited access to traditional international payment systems for countries under sanctions, cryptocurrencies are becoming practically the only instrument for international trade. The Central Bank of Russia is already preparing to launch an experiment on cross-border payments in cryptocurrencies,” he added.
The proposal forwarded follows the idea of creating a strategic national Bitcoin reserve already mentioned in other countries. Parliamentarians Americans e Brazilians, for example, are already discussing the possibility of implementing this type of proposal.
Florida Bitcoin Reserve Set for Launch in 2025; Details
In a significant milestone for the cryptocurrency industry, Florida’s Bitcoin Reserve is set for its imminent launch. In an official announcement shared recently, Samuel Armes, president of the Florida Blockchain Business Association (FBBA), informed about the state’s plans to create a strategic Bitcoin reserve in Florida by 2025.
“Florida will launch a strategic Bitcoin reserve. Florida has a very good chance of creating a strategic Bitcoin reserve in this session, which begins in the first quarter of 2025,” he announced.
At the time of publication, the price of Bitcoin was quoted at US$97.715,74, down 1.3% in the last 24 hours.
