He noted that the Ministry of Finance does not consider cryptocurrency as an asset for the National Welfare Fund (FNB) due to its high volatility.
“This is more a question of the Central Bank. Honestly, I did not hear such discussions about creating a strategic reserve of cryptocurrencies, ”Kolychev said.
The Deputy Minister of Finance added that at the moment Russia is far from the level of savings in the Federal Tax Service, at which more risky assets, including cryptocurrency, could be considered.
According to him, those assets in reserves that can be quickly implemented without revaluation are important, and cryptocurrency is an asset with increased volatility.
Earlier it was reported that the Finam Holding plans to offer qualified investors a structural bond for six months, with a binding to the ISHHARES BITCOIN TRUST ETF (IBIT) from BlackRock.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
