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Russia Holds Off On Including Bitcoin In Strategic Reserve, Future Reconsideration Possible

  • 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.

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