Russia’s Ministry of Finance: No plans to add crypto assets to the investment structure of the National Welfare Fund

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, especially not to include crypto assets - the volatility of crypto assets is too high, and the current level of accumulation in the National Welfare Fund does not allow for consideration of high-risk investments. Kolychev stated that he has not heard of any discussions in Russia about creating a crypto currency strategic reserve similar to the Trump administration's plan. He said: "This is more of a central bank issue. Honestly, I have not heard of such discussions." Kolychev added that it is still too early to discuss the possibility of including crypto assets in the investment structure of the National Welfare Fund.