Russia Mulls Gold-Backed Crypto for Arms Exports A ranking Russian lawmaker has put forward a suggestion for Moscow to accept gold-backed cryptocurrency for payments in Russian arms exports to go around financial sanctions imposed by the West against the Kremlin, reported the official Russian state news agency, Tass.
Vladimir Gutenev, first deputy head of the economic policy Committee of the State Duma, the Russian Parliament’s lower chamber, also proposed the suspension of several treaties with the US, including the non-proliferation of missile technologies, as well as the deployment of tactical nuclear weapons in other countries.
“In order to respond to possible US attempts to thwart deals on Russian weaponry and civilian goods,” Gutenev said and added Russia should “consider the possibility of conducting transactions in cryptocurrencies that are linked to the value of gold.”<...>
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