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Russia to Ban Funds from Crypto Investment, Experts Warn of ‘Blurry’ Legal Status

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cryptonews.com

The Russian Central Bank has moved to bar financial firms in the country from engaging with crypto-related mutual funds.In a press release, the resolutely anti-crypto body, which also polices the domestic financial sector, announced it had created a draft directive, which it will listen to feedback on until December 27, 2021.The directive deals with other mutual fund-related restrictions, too, but crypto-keen banks will be stunned to hear that the Central Bank wrote of establishing a “ban” on

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