<ul data-eligibleForWebStory="false"><li>Russia's Central Bank Governor, Elvira Nabiullina, revealed at a finance congress that Bitcoin and similar assets will not be considered for reserve holdings due to their high volatility and risk.</li><li>The Central Bank of Russia is cautious about cryptocurrencies and does not view them as stable or reliable enough to be part of their reserves.</li><li>Although some limited use of cryptocurrencies is permitted in foreign transactions and investments by experienced individuals and institutions, Russia remains firm that digital assets will not replace the national currency or gold reserves.</li><li>The country's stance on Bitcoin remains conservative, with no plans to incorporate it into official reserves despite some exceptions for specific activities.</li></ul>

Russia Rejects Bitcoin as Reserve Asset, Cites High Risk

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