Russian Ministry of Finance: Does not intend to add cryptocurrency assets to the investment structure of the National Welfare Fund
ChainCatcher news, according to the International News Agency, Russian Deputy Finance Minister Vladimir Kolychev told reporters that the Russian Ministry of Finance does not plan to change the current investment structure of the national welfare fund, particularly it will not include cryptocurrency assets—cryptocurrency assets are too volatile, and the current accumulation level of the national welfare fund does not allow for high-risk investments.Kolychev stated that he has not heard of any discussions in Russia about creating a cryptocurrency strategic reserve similar to the plan of the Trump administration. He said, "This is more of a central bank issue. Honestly, I haven't heard of such discussions." Kolychev added that it is still too early to discuss the possibility of including cryptocurrency assets in the investment structure of the national welfare fund.