Russia Proposes Adding Cryptocurrency to the Population’s Financial Literacy StrategyThe Russian Ministry of Finance has proposed adding cryptocurrency to the country’s financial literacy strategy, which was jointly developed with the World Bank. Interest in cryptocurrency is growing in Russia, even among children.
Russia’s Financial Literacy Strategy 2017-2023
Russia’s finance ministry has proposed including cryptocurrency in the country’s strategy to increase the financial literacy of the population from 2017 to 2023, according to reports on Friday.
The strategy was approved by Prime Minister Dmitry Medvedev last week. It was based on a joint project between the Russian Ministry of Finance and the World Bank. The program will be implemented in two phases, one in 2017-2019 and the other in 2020-2023, with the Finance Ministry overseeing their implementations.
“In the strategy to increase the financial literacy of Russians, it is necessary to include the topic of cryptocurrency,” Minister of Finance Anton Siluanov said in a broadcast on the TV channel “Russia 24”, according to Lenta. He added:
"The question of investing in instruments such as cryptocurrencies will, of course, be discussed, and we now see more risks than recommendations on investing in such instruments. So, explaining the possible consequences of investing in unregulated instruments will be one of the issues with which we will speak for the current year and until 2023."
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