Bank of Russia allows mutual funds to invest in crypto-related instruments

TechFlow reports that on September 24, according to Bits.media, the Central Bank of Russia has revised mutual fund investment rules, allowing funds targeting professional investors to invest in settlement indices linked to cryptocurrency quotations. Retail mutual funds are also permitted to allocate to certain unlisted Russian securities and foreign securities, including tokenized securities and U.S. exchange-traded fund shares linked to cryptocurrency prices, with investment limits for these assets capped at 10% and up to 20% for closed-end funds.

Additionally, the Moscow Exchange is preparing to launch related trading instruments such as Bitcoin/Ruble pairs.