đ° Russia's central bank has amended investment fund regulations to allow exposure to digital assets.
Professional investment funds can now invest in financial products linked to crypto prices like Bitcoin and Ethereum.
Retail funds can also include certain overseas-listed crypto-tracking ETFs that follow digital asset prices.
The move represents a significant shift in Russia's approach to crypto, allowing investment exposure while maintaining restrictions on crypto as a payment method.
The changes provide Russian investors with new avenues to gain exposure to digital assets through regulated fund structures.
The next step to watch would be any additional guidelines or restrictions that may accompany these new permissions.
Source: https://www.blockmedia.co.kr/archives/1143811
Professional investment funds can now invest in financial products linked to crypto prices like Bitcoin and Ethereum.
Retail funds can also include certain overseas-listed crypto-tracking ETFs that follow digital asset prices.
The move represents a significant shift in Russia's approach to crypto, allowing investment exposure while maintaining restrictions on crypto as a payment method.
The changes provide Russian investors with new avenues to gain exposure to digital assets through regulated fund structures.
The next step to watch would be any additional guidelines or restrictions that may accompany these new permissions.
Source: https://www.blockmedia.co.kr/archives/1143811
