Vladimir Kolychev, the Deputy Minister of Finance of Russia, dismissed any possibility of including digital currencies in the National Wealth Fund of the country (NWF) due to the severe market fluctuations of digital currencies. He emphasized that the main priority of the National Wealth Fund is to maintain stability and therefore refrains from engaging in high-risk investments. Kolychev also stated that currency reserves should be formed from assets that allow for quick liquidity without significant price fluctuations, characteristics that digital currencies currently lack. Interestingly, this stance contradicts Russia’s general approach to accepting digital currencies, as the country has previously established specific tax frameworks for digital currency transactions and Bitcoin mining activities.
