The President of the Central Bank of Russia spoke clearly this time about Bitcoin (BTC) and Cryptocurrency Investments!

Russia has started to refrain from using Bitcoin and cryptocurrencies in international payments, but it still maintains a cautious approach.

At this point, Governor of the Central Bank of Russia Elvira Nabiullina made new statements regarding Bitcoin and cryptocurrencies at the "Central Bank of Russia Finance Congress" in St. Petersburg.

According to this, the head of the Central Bank of Russia announced that it does not plan to include Bitcoin or other cryptocurrencies as reserve assets.

Elvira Nabiullina stated that she does not consider including and holding cryptocurrencies in reserves due to their volatility and risks.

"When we consider our attitude towards Bitcoin and cryptocurrencies as risky and volatile assets, we definitely do not think about investing in them as a central bank. Because cryptocurrencies are quite volatile and risky.

We continue to oppose the use of cryptocurrencies in domestic payments. We say 'yes' to foreign economic activities, and especially 'yes' for qualified investors as an investment target. In other words, we are not against their use in foreign economic activities, especially for those classified as investment instruments.

However, we are still against the use of these as a means of payment.

At this point, while Russia continues to oppose the use of unregulated cryptocurrencies as a means of payment domestically, it only allows qualified investors to hold cryptocurrencies for investment purposes and permits cross-border exchange users to access them.