Articles for tag: Bitcoin, Cryptocurrencies, digital ruble, foreign reserves, Putin, Russia economy, Sanctions

Market News

Vladimir Putin Highlights Bitcoin’s Potential as Russia’s Reserves Remain Frozen Amid Sanctions and Economic Challenges

Russian President Vladimir Putin is questioning the importance of holding foreign currency reserves, suggesting that cryptocurrencies like bitcoin could be more reliable alternatives. His comments come amid ongoing tensions with Western nations, which have frozen approximately $300 billion of Russia’s foreign assets since the Ukraine conflict began. Putin argues that this freeze damages the US ...

Market News

Putin Considers Bitcoin as Russia’s Frozen Reserves Highlight Need for Alternative Assets

Russian President Vladimir Putin recently suggested that bitcoin could be a better alternative to foreign currency reserves, raising questions about their effectiveness amid heavy Western sanctions since the Ukraine war began in 2022. He criticized the freezing of about $300 billion in Russian reserves, claiming it harms the US dollar’s global standing. Putin emphasized that ...

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