The Russian Ministry of Finance has revealed that it did not currently plan to include cryptocurrencies in the strategic reserve due to volatility problems.
However, the vice minister of finance Vladimir Kolychev suggested that this position could change once the liquid assets of the fund are reaching a level equivalent to 7 to 10% of the gross domestic product (GDP) of Russia. “”However, for the moment, volatility panels are not favorable, “said Kolychev.
March 4, 2025, Local media reported that the Russian Ministry of Finance does not plan to modify the current regulatory structure of NWF investments and, in particular, to add cryptographic assets.
RUP:
Russia does not declare any intention to include Bitcoin in its strategic reserves. pic.twitter.com/6nqjo8aymp
– ash crypto (@ashcryptoral) March 5, 2025
Russia does not declare any intention to include Bitcoin in its strategic reserves. Russia reserve includes gold and Chinese yuan
Currently, the NWF mainly holds Chinese gold and yuan, with around 60% of its active in yuan and the remaining 40% in gold. Kolychev insisted to opt for stability and liquidity, adding that Russia currently has no appetite for volatility.
“From the point of view of sovereign budgetary reserves, it is important for us that the assets in which these reservations have been invested can be sold very quickly and without a significant price re -evaluation, so that our sale does not lead to the fact that we do not receive a ruble for a ruble, but 50 kopecks for a ruble,” said Kolychev. “And cryptographic assets are an asset with increased volatility.”
The vice-minister of finance also noted that Russia is still “far” to reach the desired reserve levels, which makes cryptocurrencies are unlikely to be envisaged soon.
“Volatility parameters are not favorable for the moment,” said Kolychev, confirming that he considers Crypto as a dangerous asset.
Despite the recent announcement by American president Donald Trump of a strategic cryptography reserve involving Bitcoin, Ethereum, Ripple, Solana and Cardano, Russia, Switzerland and Australia rejected the idea of incorporating the crypto into their official reserves.
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Switzerland and Australia are no longer interested in a strategic cryptography reserve
On March 1, 2025, the president of the Swiss National Bank (SNB), Martin Schlegel, rejected the proposal to hold part of his Bitcoin reserves, as proposed by a popular initiative.
According to local reports, Schlegel said that cryptocurrencies do not fill the essential characteristics that a good currency should have.
Meanwhile, the current government of Australia indicated that it did not intend to establish a cryptographic strategic reserve. However, the country is about to choose a new government. The latest Yougov survey shows that the central right coalition holding a slight advance on the Labor government in the center-left, which led 51% to 49%.
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Main to remember
- The reluctance of Russia to adopt cryptocurrencies in the context of its national reserves stems from concerns about volatility and liquidity.
- While the Russian Ministry of Finance has left the door open to cryptocurrency reserves in the future, significant obstacles remain before such a decision can be made.
The Russian position is part of Bitcoin’s inclusion in the strategic reserve, the future possible review appeared first on 99Bitcoins.
