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This is why Russia is not ready to allow Bitcoin ETF trading
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After the financial regulator in the United States approved the first Bitcoin futures exchange-traded fund [ETF], it put invariable pressure on other countries too to consider different crypto products. However, Russia is not going to get swayed away from America’s decision, as the head of the regulator, Elvira Nabiullina recently noted that the central bank was not prepared to admit Bitcoin ETF to the market.
As per reports, Nabiullina the chair of the Central Bank of Russia stated that it was not ready to permit the trading of ETFs when asked whether the Russian monetary policy regulator was going to follow the U.S. by listing Bitcoin futures ETFs.
It was not a surprise that Russia doesn’t want to follow America’s lead as the Central Bank
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