727 FinancePANews reported on September 24 that according to Bits.media, the Central Bank of Russia has modified mutual fund investment rules to allow funds for professional investors to invest in settlement indexes linked to digital currency quotes. At the same time, retail mutual funds can also allocate certain unlisted Russian securities and foreign securities, including tokenized securities and shares of U.S. exchange-traded funds linked to cryptocurrency prices, with a cap of 10% in underlying assets and 20% in closed-end funds.
The Central Bank of Russia modifies mutual fund investment rules to allow professional funds to invest in digital currency settlement indexes
Related news
Financing Weekly | Kalshi completes $1 billion Series G funding, led by Sequoia Capital and Wellington Management.
Kalshi completed a $1 billion Series G funding round, reaching a post-money valuation of $40 billion, nearly double its $22 billion valuation in May this year;...