Bank of Russia lets mutual funds invest in crypto instruments
- —Professional-only funds may invest in settlement indices tracking crypto prices
- —Retail funds gained access to off-exchange Russian securities and foreign assets, including tokenized shares and crypto ETFs
- —Exposure cap is 10% of assets, 20% for closed-end funds
- —The central bank is drafting the regulation, expected to take effect this year
Why it matters: It opens institutional crypto demand in Russia via asset managers and paves the way for BTC/RUB trading on the Moscow Exchange.
Source: Bits.media