The Bank of Russia does not consider the possibility of investing in cryptocurrencies. This was announced by the Chairman of the Central Bank Elvira Nabiullina at a briefing as part of the International Financial Congress, reports RBC Crypto.
“Given our attitude to them as risky and volatile assets, we, of course, do not consider what we can invest in this as a central bank,” Nabiullina said.
She repeated that the Central Bank against cryptocurrencies to be used as a means of payment within the country. Only particularly qualified investors can get access to them, also cryptocurrency can be used in foreign economic activity, the head of the regulator recalled.
The question of state investments or the creation of national reserves of cryptocurrencies is increasingly raising around the world. A number of countries have already made such a decision, others refused.
The Ministry of Finance also previously stated that they did not consider cryptocurrency as an asset for the National Welfare Fund (FNB) due to its high volatility. The department emphasized that the fund’s assets should be liquid and not subject to sharp revisks.
Nevertheless, the Deputy Minister of Finance, Ivan Chebeskov, told PMEF-2025 on the sidelines that the Ministry of Finance and the Bank of Russia are trying to find a balance in order not to limit the rights of ordinary cryptocurrency users. According to him, in Russia a million citizens who use these assets and the authorities are trying to take this into account.
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Source: Cryptocurrency
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