The Russian Treasury Ministry has made it clear that it does not plan to include cryptocurrency in its strategic reserves due to concerns about volatility.
However, Deputy Finance Minister Vladimir Kolchev suggested that this stance could change once the fund's current assets reach levels equivalent to 7-10% of Russia's gross domestic product (GDP). “But for now, the indications of volatility are not good,” Kolchev said.
March 4th, 2025, Local media reported The Russian Treasury Ministry plans to change the current regulatory structure of NWF investments and does not plan to add crypto assets in particular.
destruction:
Russia has declared it would not include Bitcoin in its strategic reserves. pic.twitter.com/6nqjo8aymp
– Ashcryptoreal (@ashcryptoreal) March 5, 2025
Russian reserves include gold and Chinese Yuan
Currently, the NWF holds mostly gold and Chinese yuan, with about 60% of its assets yuan, with the remaining 40% being gold at 40%. Kolychev insisted on choosing stability and fluidity, revealing that Russia currently has no desire for volatility.
“From the perspective of reserves in the sovereign budget, it is important that these reserves can sell the invested assets very quickly and without a massive price revaluation. “And crypto assets are assets that increase volatility.”
The Deputy Finance Minister also said that cryptocurrency is unlikely to be considered at any time as Russia is “far” from reaching the reserves that are still desirable levels.
“For now, volatility parameters are undesirable,” Kolichev said, confirming that the crypto is considered an insecure asset.
President Donald Trump recently dismissed the idea of incorporating crypto into his official reserves despite an announcement about strategic crypto sanctuaries involving Bitcoin, Ethereum, Ripple, Solana, Cardano, Russia, Switzerland and Australia.
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Switzerland and Australia are no longer interested in strategic crypto sanctuaries
On March 1, 2025, President Martin Schregel of the Swiss National Bank (SNB) rejected the proposal to retain Bitcoin reserves, as proposed by the People's initiative.
Local reports say that cryptocurrencies do not meet the essential characteristics that good currencies should have.
Meanwhile, the current government in Australia shows that there is no plan to establish crypto strategy preparation. However, the country is on the verge of choosing a new government. The latest YouGov poll shows that the central right coalition is slightly ahead of the central left labor government, leading from 51% to 49%.
Explore: 10 coins with high returns: Crypto Forecast 2025
Key takeout
- Russia's reluctance to adopt cryptocurrency as part of its national reserve, stems from concerns about volatility and liquidity.
- The Russian Treasury Ministry is keeping its doors open for cryptocurrency reserves in the future, but there are still major hurdles before such a move comes into play.
The Russian Post refrains from including Bitcoin in its strategic reserves.
