Russian Ministry of Finance: Not intending to add crypto assets to the investment structure of the state welfare fund

PANews March 6 news, according to the International News Agency, Russian Deputy Minister of Finance Vladimir Kolychev told reporters that the Russian Ministry of Finance does not plan to change the current investment structure of the national welfare fund, especially will not add crypto assets to it -crypto assets are too volatile, and the current accumulation level of national welfare fund does not allow high-risk investments to be considered. Kolychev said he had never heard of discussions in Russia to create a strategic reserve of cryptocurrencies similar to the Trump administration's plan. "This is more of a central bank issue. To be honest, I haven't heard of such a discussion." Kolychev added that it is too early to discuss the possibility of integrating crypto assets into the national welfare fund investment structure.