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Russia restricts mutual funds from investing in crypto, even for qualified investors
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Russian regulators have been making an effort to increase oversight in the crypto-sector. In a new directive, the Bank of Russia has put a ban on mutual funds from investing in digital currencies. A translated document stated,
“…a ban is established on the investment of funds of mutual funds, including those intended exclusively for qualified investors, in digital currencies and financial instruments, the cost of which depends on the rates of digital currencies.”
Simply put, this essentially bars
Read more on ambcrypto.comAbout this in other media
$67B in cryptos, but does that figure change Russia’s mind about crypto-investments ambcrypto.com /3 years ago
Bank of Russia governor: Banning crypto in Russia is 'quite doable' cointelegraph.com /3 years ago
Russia: Total Ban on Crypto Ownership Still on Table, Says Top Official cryptonews.com /3 years ago
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