Russian Ministry of Finance: No plans to add crypto assets to the investment structure of state public welfare funds

According to the Interfax 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 state public welfare fund, and in particular will not add crypto assets to it - crypto assets are too volatile, while the current level of accumulation of the state public welfare fund does not allow for the consideration of high-risk investments. Kolychev said he has not heard of discussions in Russia on the creation of a strategic reserve of cryptocurrencies similar to the Trump administration's plan. "It is more a matter of the central bank. To be honest, I have not heard of such discussions," he said. Kolychev added that it is too early to discuss the possibility of including crypto assets in the investment structure of the state public welfare fund.