Russia Planning $10B Bitcoin Investment, Insists Kremlin Economist

Russian economist, Vladislav Ginko, says Russia is looking to invest $10 billion in Bitcoin as the State Duma has put cryptocurrency legislation high on the agenda for 2019. Rumored $10 Billion Bitcoin Investment Ginko, an economist with ties to the Kremlin, says the Russian government will convert some of its USD reserves into Bitcoin, a move that could start as early as February. Last week, first reported on the government’s rumored plans to ditch the Dollar as a way of circumventing U.S. sanctions. Vladislav Ginko Now, according to , the Kremlin plans to invest as much as $10 billion into Bitcoin, citing Ginko, who added: [The] Russian government is about to make a step to start diversifying financial reserves into Bitcoin since Russia [is] forced by US sanctions to dump US Treasury bonds and [take] back US dollars. “These sanctions and the will to adopt modern financial technologies lead Russia…

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