Russian Cryptocurrency Reserve Not Yet on the Agenda, Says Deputy Gorelkin

The establishment of a strategic cryptocurrency reserve (SBR) in Russia is “not yet being discussed” at the state level, according to Deputy Anton Gorelkin. He reported this.

The statement comes amid the creation of an SBR in the United States, which involves the storage of confiscated digital assets.

“There is no talk yet of purchasing crypto for this fund, but if we recall the campaign promises of [President Donald] Trump to make the US the world capital of mining, certain predictions can be made,” added the deputy.

Gorelkin emphasized the importance of developing mining in Russia. In his view, this is necessary to strengthen the country’s position in the digital economy.

The deputy recalled that in November 2024, the company “Rosseti” proposed directing surplus energy capacities to support cryptocurrency mining. According to Gorelkin, the initiative included the introduction of special tariffs for miners, which could benefit large enterprises but not the general public.

He added that finding ways to make energy capacities more accessible to the industry “is both possible and necessary.”

Earlier, on March 6, the deputy commented on the blocking of wallets of the Russian exchange Garantex by Tether, stating that cryptocurrencies will continue to be used as one of the tools to circumvent sanctions.