A member of the Russian Parliament indicates the use of Bitco-BTC to buy weapons and military equipment in certain countries.
One of the major legislators in Russia highlighted the possibility of increasing tensions between India and Pakistan, with a high price of Bitcoin-BTC; In an interview with the Gazette by Russian Laictory on May 7, the Duma Committee head for the financial markets, Anatoly Aksakov, said that some countries use Bitcoin in international arms agreements.
Will the conflict between India and Pakistan “stimulate the purchase of the cause of bitcoin”?
The Russian legislator has indicated that if military operations between India and Pakistan are intensifying, investors around the world can start to invest in assets such as gold, other precious metals and digital currencies. Axakov said:
“These tense political conditions generally lead to an increase in demand for various investment tools such as Captain and Gold, in particular with the start of BTC weapons use programs.”
“In general, Bitcoin is one of the assets that provide a safe refuge,” he added, which means that the demand for this currency “generally increases during geopolitical disorders”.
Axakov also warned that the conditions of geopolitical uncertainty “generally cause interest in digital currencies”.
However, Axakov said that developments in the United States are “the greatest influence of Bitcoin Price” because “the majority of BTC currency owners” resident in the United States. Axakov concluded his speech by noting that the conflict between India and Pakistan “may have no impact on the Russian ruble”, stressing that the price of this currency depends almost completely on “internal economic conditions” in Russia.
It should be noted that anxakov is taken into account – so far – the most eminent officials of the promulgation of laws for digital currencies in the country, and he previously indicated that Moscow was aware of the use of local businesses, BTC currency and other digital currencies in international transactions.
In September 2024, Russian reports showed that Moscow had allocated a team to study digital money payments in double-use products agreements, that is to say those that can be used in civil and military applications.
Does Moscow seek to use stable currencies?
Russian government banks seek to use stable currencies as a substitute for traditional currencies in payment operations, and the government of government Promsvyazbank launched the A7 platform, a platform to settle international payments, noting that this platform seeks to facilitate international payments. During last month, the Russian agency TASS indicated that A7 operators “are currently trying to improve the adoption of stable currencies in the Russian ruble (RUB), and the agency also cited the deputy chief of the Department of Financial Policy Department Osman Kabaloev like another:” Pushing the tools by Bluchen is already available and is used in one way or another. “”
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According to an eminent Russian legislator, post-pakistan tensions can cause the price of bitcoin, according to an eminent Russian legislator on Cryptonews.
