Bank of Russia Opens Door for Crypto Investments via Mutual Funds
The Central Bank of Russia has removed regulatory barriers for investments tied to cryptocurrency valuations, allowing qualified investors to gain exposure through mutual funds. The move caps crypto-linked assets at 10% of a fund's portfolio while expanding permissible non-exchange-traded securities.
Market participants have until December 9 to submit feedback on the proposed changes to collective investment rules. The amendments specifically enable derivative instruments tracking digital currency prices—a significant step toward institutional crypto adoption in Russia.