俄羅斯國家財富基金（NWF）將不包括比特幣或其他加密貨幣

2025年3月5日，俄羅斯財政部長弗拉基米爾·科洛切夫（Vladimir Kolychev）明確表示，俄羅斯沒有計劃增加比特幣或其他加密貨幣

March 5, 2025- Russian Vice Minister of Finance Vladimir Kolychev has ruled out any possibility of adding Bitcoin or other cryptocurrency to the National Wealth Fund (NWF).

2025年3月5日 - 俄羅斯財政部長弗拉基米爾·科洛切夫（Vladimir Kolychev）排除了將比特幣或其他加密貨幣添加到國家財富基金（NWF）的可能性。

So far, Russia has accepted cryptocurrencies and used them as a practical financial instrument in international trade. But it does not consider them part of the national reserves and remains cautious about their long-term strategic role.

到目前為止，俄羅斯已經接受了加密貨幣，並將其用作國際貿易中的實際金融工具。但這並不認為它們是國家儲備的一部分，並且對其長期戰略作用保持謹慎。

NWF Holdings: mainly yuan and gold, not digital assets

NWF持有：主要是人民幣和黃金，而不是數字資產

According to Interfax, Kolychev confirmed that the Ministry of Finance has no plans to change the current investment structure of the NWF. Digital assets will not be included, largely due to their high volatility.

根據Interfax的說法，Kolychev確認財政部沒有計劃改變NWF當前的投資結構。數字資產將不包括在很大程度上是由於它們的高波動性。

Asked if there was any possibility to adjust the investment structure of the NWF, Kolychev replied in the negative.

當被問及是否有可能調整NWF的投資結構時，Kolychev對負面回答。

“No. Only gold and yuan,” he stated.

“不。只有黃金和人民幣。”他說。

As Interfax notes, the fund can hold up to 60% in yuan and a maximum of 40% in gold. Kolychev also said he hadn't heard of any discussions about setting up a strategic cryptocurrency reserve by Russia-an idea presented by the Trump administration in the US.

正如Interfax所指出的那樣，該基金最多可以持有60％的人民幣和最多40％的黃金。 Kolychev還說，他沒有聽說過關於建立俄羅斯戰略加密貨幣保護區的任何討論，這是美國特朗普政府在美國提出的一個想法。

Moreover, he highlighted that high liquidity and low risk are crucial factors in determining the assets in the NWF. Digital assets do not meet these criteria due to their extreme volatility.

此外，他強調說，高流動性和低風險是確定NWF資產的關鍵因素。由於它們的極端波動，數字資產不符合這些標準。

“From the perspective of a sovereign budget reserve, it is crucial that the assets of the fund are very liquid and can be sold quickly without a significant loss in value. We do not want to end up in a situation where we have to sell an asset for half the price we have invested. Digital assets are very volatile, so we never considered them for the NWF and have no plans to do that in the future,” Kolychev explained.

“從主權預算儲備的角度來看，至關重要的是，該基金的資產非常流動，可以迅速出售而不會造成重大價值損失。我們不想最終要以我們投資的價格一半出售資產的情況。數字資產非常波動，因此我們從未考慮過NWF，也沒有計劃在將來這樣做。” Kolychev解釋說。

Kolychev noted that the NWF could consider investing in less liquid and more volatile assets once it reaches 7–10% of GDP. However, he said the fund is still far from that level. On February 1, the volume of the National Wealth Fund reached 11.97 trillion Rubel ($ 122.09 billion), which is equal to 5.6% of the expected GDP for 2025, according to a report from the Russian Ministry of Finance.

Kolychev指出，NWF一旦達到GDP的7-10％，NWF可以考慮投資較少的液體和更多的揮發性資產。但是，他說，該基金還遠非該水平。根據俄羅斯財政部的一份報告，2月1日，國民財富基金的數量達到了11.97萬億美元（1,220.9億美元），相當於俄羅斯財政部的一份報告。

Meanwhile, Russia has taken legal action to regulate cryptocurrency. At the end of November 2024, the Russian Parliament adopted a law that recognizes Bitcoin and other cryptocurrencies as assets. The law imposes a personal income tax of 13–15% on crypto transactions and awaits President Vladimir Putin’s signature to come into effect.

同時，俄羅斯已採取法律行動來規範加密貨幣。在2024年11月底，俄羅斯議會通過了一項承認比特幣和其他加密貨幣作為資產的法律。該法律對加密交易徵收13-15％的個人所得稅，並等待總統弗拉基米爾·普京的簽名生效。

One report from the Bank of Russia in December 2024 stated that Bitcoin accounted for 69% of the total cryptocurrency possession of Russians on exchanges in September 2024.

2024年12月，俄羅斯銀行的一份報告說，比特幣佔2024年9月在交易所中俄羅斯人總擁有俄羅斯人總擁有的69％。

Until now, Russia has adopted a pragmatic approach to Bitcoin, using it in international transactions to circumvent sanctions, but it is not included in national reserves.

到目前為止，俄羅斯在國際交易中採用了務實的比特幣方法來規避制裁，但不包括在國家儲備中。