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Strategic Bitcoin Reserve Is Only A Matter Of Time, Says Latvia’s Economy Minister

Bitcoinist LogoBitcoinist16h ago

Strategic Bitcoin Reserve Is Only A Matter Of Time, Says Latvia’s Economy Minister - Bitcoinist

Quick Summary:

Latvia’s Minister of Economics, Viktors Valainis, is doubling-down on his forecast that the Baltic nation will soon place a portion of its sovereign balance sheet into Bitcoin.

He even cited the United States — “I think it’s something the U.S.has just done—Trump made that decision” — as proof that large jurisdictions are formalising crypto holdings, though Washington has not yet published details of any such programme.

Valainis stresses Latvia’s freedom to experiment: “It’s not like we have to protect something sacred—like the Swiss banking system with all its deep traditions… We have a chance to be among the first—to go and do it.


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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 14:30:23 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 738 words

Reading Time: 5 minutes read

Sentences: 44 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 28680117

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 19 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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