Russia's Finance Ministry announced plans to maintain the current investment strategy of the National Welfare Fund, focusing on gold and yuan instead of cryptocurrencies.
Fund Strategy Amid Crypto Volatility
Deputy Finance Minister Vladimir Kolychev stated that the investment structure of the National Welfare Fund will remain unchanged, focusing on assets like the Chinese yuan and gold. Cryptocurrencies have been excluded due to high volatility.
Controlled Digital Asset Trading
Despite avoiding cryptocurrencies in its sovereign investment strategy, Russia is working on creating a regulated framework for digital asset trading for select high-net-worth investors. Legislative changes have already allowed Russian businesses to use Bitcoin and other digital currencies for international transactions.
Crypto Regulation and Taxation in Russia
Russia has implemented a taxation system for cryptocurrencies with rates between 13% and 15% depending on income levels. The Finance Ministry and the Central Bank are reportedly working on a controlled crypto trading framework aimed at high-net-worth investors.
Russia continues to focus on stable investments and is developing a controlled trading system for digital assets, while maintaining traditional approaches to managing the sovereign fund.
