Asia's weekly TOP10 crypto news (Dec 8 to Dec 15)
1. Russian Lawmakers Advocate for Bitcoin Strategic Reserves link According to RIA Novosti, Anton Tkachev, a representative of the “New People” party in the Russian State Duma, has proposed to Finance Minister Anton Siluanov the creation of a Bitcoin strategic reserve in Russia, modeled after traditional currency reserves. Tkachev argued that geopolitical instability has subjected conventional reserve currencies, including the yuan, dollar, and euro, to volatility, sanctions, and inflation, suggesting that cryptocurrencies could serve as a reserve option independent of any single nation. Previously, the Russian Central Bank expressed readiness to pilot cross-border cryptocurrency payments. 2. Japanese Legislators Propose National Bitcoin Reserves to Advance Blockchain Development link Japanese lawmaker Satoshi Hamada has proposed the establishment of a national Bitcoin reserve, suggesting that a portion of Japan’s foreign exchange reserves be converted into Bitcoin. Hamada highlighted ...