The Russian Finance Ministry revealed that it is not currently planning to include cryptocurrencies in the strategic reserve due to volatility concerns.
Deputy Finance Minister Vladimir Kolychev suggested that this stance could change once the fund’s liquid assets reach a level equivalent to 7-10% of Russia’s gross domestic product (GDP).
Russia primarily holds gold and Chinese yuan in its strategic reserve, with around 60% of assets in yuan and 40% in gold.
Despite some countries exploring the idea of a strategic crypto reserve, Russia, Switzerland, and Australia have all dismissed the inclusion of cryptocurrencies in their official reserves.