Russia Dismisses Crypto for National Reserves Amid Volatility Concerns
Mar 6, 2025, 9:06 a.m.
3 sources
Russia's Deputy Finance Minister has rebuffed claims that cryptocurrencies will be included in the National Wealth Fund, emphasizing the need for stable assets due to high volatility. He stated that crypto is unsuitable for sovereign reserves, which must allow quick liquidation. While Russia is exploring taxation policies and has entertained the idea of a crypto reserve, Kolychev noted that no discussions are currently underway. His remarks come at a time when other nations, including the US, are considering national crypto reserves.
Sources
Gold Over Crypto! Russia Rejects Bitcoin for National Welfare Fund— Is a Future Shift Possible?
coinfomania.com
06.03.2025 08:38
Russia Rules Out Bitcoin for National Wealth Fund, Sticks to Yuan and Gold
Beincrypto
06.03.2025 08:41
Russia dismisses crypto for national reserves, citing volatility concerns
cryptoslate.com
06.03.2025 16:00
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