Russian business lobby requests examination of cryptocurrencies and stable coins to revive the gold standard
<p> <strong> Russian business lobby requests examination of cryptocurrencies and stable coins to revive the gold standard </strong> </p>
Russia and cryptocurrencies: a strategic discussion about digital assets
The discussion about the use of cryptocurrencies in Russia is given new impetus, especially under the direction of Alexander Shokhin, President of the Russian Union of industrialists and entrepreneurs (RSPP). He calls on the Russian government to seriously examine the use of Bitcoin and similar digital currencies. This is done against the background of international developments, such as the announcement by Donald Trump, to establish a strategic reserve of Bitcoin and other digital currencies in the USA.
Opportunities and risks of cryptocurrencies
Shokhin emphasizes that there should be no country that questions its sovereign rights to creation of money. In his opinion, the legal recognition of cryptocurrencies in cross -border payments could be a step in the right direction. It states that cryptocurrencies, especially in the context of existing financial sanctions and restrictions, gain in importance as potential payment instruments.
At the same time, Shokhin sees it necessary to handle the topic carefully so as not to fall into the trap, unnecessarily replace other currencies. Instead, he suggests developing a new payment and billing system based on margins and possibly also based on the gold standard.
The idea of stable coins and gold
In his conversation with the news agency TASS, Shokhin explained the idea of using stable coins that are bound to various assets and establishing alternative financing models. This also includes the introduction of a currency system that takes additional assets into account in the form of gold. "In a sense, we should return to the gold standard and act raw materials whose prices have remained stable over a longer period of time," continued Shokhin.disagreement among Russian officials
Despite the positive response to the ideas of Shokhin, there are still skeptical voices in the Russian government. Elvira Nabiullina, governor of the Central Bank of Russia, has made it clear that she does not see any framework conditions under which cryptocurrencies could be included in the gold reserves of the monetary authority. According to its own statements, the Ministry of Finance also has no plans to create a strategic bitcoin reserve.
Nevertheless, the topic of support in certain political circles: The Russian legislature Anton Tkachev asked the Ministry of Finance to examine the feasibility of a Bitcoin reserve. Likewise, a member of the Bürgeny Masharov, Evgeny Masharov, brought the proposal to establish a state crypto moon in order to keep digital assets that were confiscated in criminal proceedings.
FAZIT
The discussion about cryptocurrencies in Russia shows that there are both opportunities and challenges. The idea of using digital currencies and stablecoins as an alternative means of payment could gain in importance within international trade currents. At the same time, however, a uniform position within the Russian government is necessary to create clear guidelines and framework conditions. It remains to be seen how the discussion will develop in the future and what measures the Russian government will take to shape the influence and benefit of cryptocurrencies.
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