Sanctioned Russian oligarch urges central bank to accept Bitcoin

Russian oligarch Oleg Deripaska once again called on the Russian government to stop ignoring Bitcoin (Bitcoin) After the FBI raided his homes in Washington and New York.

In a Telegram post on October 21, Deripaska debate The Bank of Russia has been “ignoring the growing cryptocurrency market”, while the US Treasury Department has been “investing especially in this direction.”

The billionaire emphasized that cryptocurrencies like Bitcoin have great potential, not only to help Russia avoid U.S. sanctions, but also to weaken the U.S. dollar. He said:

“The United States realized long ago that uncontrolled digital payments can not only offset the effectiveness of the entire economic sanctions mechanism, but also depreciate the dollar as a whole.”

Deripaska specifically mentioned U.S. sanctions review Publish Issued by the U.S. Department of the Treasury in October 2021. According to the oligarch, the U.S. authorities “effectively acknowledged” that growing financial technology tools such as cryptocurrencies pose a serious threat to the U.S. dollar.

“This means that the development of a cryptocurrency market that is not controlled by the state may expose the U.S. Treasury Department to potential defaults due to its $30 trillion debt,” Deripaska believes.

“It’s time to open your eyes and take cryptocurrencies seriously. There are still many people who are willing to fight in aging American institutions,” he said.

Last Friday, the U.S. Treasury Department Publish A booklet that provides guidance for cryptocurrency companies to ensure they comply with U.S. sanctions.In the document, the authorities Said The Office of Foreign Assets Control (OFAC) sanctions “applicable to transactions involving virtual currencies and transactions involving traditional fiat currencies”, adding:

“Members of the virtual currency industry have a responsibility to ensure that they do not directly or indirectly participate in transactions prohibited by OFAC sanctions, such as transactions with blocked individuals or property, or participating in prohibited trade or investment-related transactions.”

related: Russia aims to replace U.S. dollar reserves with digital assets in the long-term

Deripaska’s latest remarks were made after FBI agents Raid Houses associated with oligarchs in Washington and New York City on Tuesday. According to reports, a representative of Deripaska stated that the search was carried out based on two court orders related to US sanctions.According to reports, Deripaska has close ties with Russian President Vladimir Putin place In 2018, it was sanctioned by the United States.

The Russian oligarch has previously criticized the Russian central bank for rejecting Bitcoin. In June, the billionaire argued that Russia needs to enter the field of encryption Provide “real financial tools to realize the independence of foreign trade settlement.”