According to a Russian economist with close ties to the Kremlin RussiaTo replace the US dollar's reserve money, with a view to overcoming US sanctions Bitcoin'to Preparing for investment.
An institution funded by the Russian National Academy of Economics and Public Administration Vladislav Ginkosaid the government has taken steps to minimize the impact of US sanctions on Russian rubles, replacing some of the US reserves. He also said that he would do this with Bitcoin, the most popular crypt in the world.
The US sanctions against Russia last year came after the poisoning of former Russian officer Sergei Skripal. Mr. Ginko pointed out that the decree of decontamination was basically a, movement to protect national interests ına because it had edi cut off the flow of payments determined by the US for Russian oil and natural gas edi. He also claims that the investment can be up to $ 10 billion (£ 7.8 billion).
Cryptocurrency Russia's interest in Russia has increased and President Vladimir Putin has been interested in digital assets in recent months. Mr. Ginko believes that Bitcoin and the broader crypto-currency industry are currently accounting for 8% of Russia's GDP. Investments to strengthen the country's reserves with Bitcoin may begin in early February.
Ginko said, a The Russian government is about to take a step forward in diversifying its financial reserves, because it is forced to impose sanctions on the US to release US Treasury bills and reclaim the US dollar. These sanctions and the desire to adopt modern financial technologies, It takes Russia to deposit its reserves to Bitcoin." said.
The Central Bank of Russia has not yet published official plans, but said in a statement to The Daily Telegraph that it has published information on foreign asset management with a delay of six months. Country, euro, China renminbi and Japanese shares increased by increasing the shares showed the refinement.