The Central Bank of Russia announced that it will ban mutual funds from investing in bitcoin (BTC) and derivative cryptocurrencies.
Central Bank of Russiaon Monday, December 13 regulation of investment opportunities by mutual funds In his official statement, he stated that the assets that mutual funds can use for investment have been increased.
The bank also announced that fund managers, cryptocurrencies and “financial instruments whose value is indexed to digital assets” announced that he was prohibited from investing. Mutual funds will no longer be allowed to invest in cryptocurrencies for any investor.
Brokerage firm of AMarkets Artem Deev, head of the analytics department, Russia single sector exchange-traded fund (ETF) He said there was.
Russian local bank Sber’s Vasily Illarionov, head of wealth management, announced that his bank is looking to launch a blockchain-focused mutual fund. Fund, “blockchain economy” and will invest in stocks related to blockchain adoption. Illarionov said that the investment fund, which is planned to be launched, does not fall under the restrictions of the Central Bank of Russia and they can offer this service to individual investors.
Central Bank of Russiaso that cryptocurrencies are not included in mutual funds 2021 july made a statement last month. The Central Bank has also banned some major banks from offering cryptocurrency investment services. The regulator made this decision. “does not comply with investor interests and carries risks” He had given it to him.