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Bank of Russia to ban mutual funds from investing in Bitcoin
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The Russian central bank continues its strict policies regarding the cryptocurrency industry, now officially banning mutual funds from investing in cryptocurrencies like Bitcoin (BTC).
On Dec. 13, the Bank of Russia published an official statement on regulating investment opportunities by mutual investment funds.
Despite expanding the number of assets available for investment by mutual funds, the document prohibits fund managers from buying cryptocurrencies as well as “financial instruments whose value depends on prices of digital assets.”
The statement emphasizes that mutual funds are not allowed to provide crypto exposure both to either qualified or unqualified investors.
The Bank of Russia previously recommended asset managers to exclude
Read more on cointelegraph.comAbout this in other media
Industry experts reveal a possible method for Bank of Russia to block crypto cointelegraph.com /2 years ago
Russia Still No Closer to Regulating Crypto Despite Central Bank ‘Concession’ cryptonews.com /3 years ago
Bank of Russia to allow crypto investment via foreign firms: Report cointelegraph.com /3 years ago
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