Russia Rejects Crypto for National Welfare Fund Amid Volatility Fears

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BitcoinWorld 11h ago

Russia Rejects Crypto for National Welfare Fund Amid Volatility Fears - BitcoinWorld

Quick Summary:

In a surprising move that underscores the ongoing debate around digital assets and national financial strategies, Russia has firmly stated its position on cryptocurrency inclusion within its sovereign wealth fund.

Deputy Finance Minister Vladimir Kolychev has publicly announced that there are no plans to incorporate cryptocurrencies into the National Welfare Fund (NWF).

Vladimir Kolychev‘s statements reflect a generally cautious and conservative approach from the Russian Ministry of Finance towards cryptocurrencies in the context of national financial instruments.