The Central Bank of the Russian Federation banned mutual funds from holding foreign crypto assets
The Bank of Russia has published new guidance on the composition and structure of investors’ assets
14.12.2021 - 07:10
480
1 min
0
What’s new? The Central Bank of the Russian Federation has published guidance for the unit investment funds (UIFs). In one of the paragraphs, the Central Bank prohibits investing in cryptocurrencies and other financial instruments whose price depends on digital assets.
Who is banned from investing in cryptocurrency? The Central Bank has banned everyone from investing in foreign cryptocurrency without exception, the novice and qualified investors, companies funds, and unit investment funds.
What cryptocurrency will be available for investment? The Central Bank does not prohibit the acquisition of digital assets issued under Russian law. However, so far, no Russian entities have been added to the registers. It is worth noting that Sberbank plans to launch “Blockchain Economy,” an exchange-traded fund that specializes in investing in blockchain companies. It is not known whether the fund will be included in the Central Bank's registry.
What else did the Central Bank offer? In its guidance, the Central Bank has made some concessions for investors. It has almost doubled the list of indices, which, when followed, the limit on a unit investment fund's investments into one person's assets increases from 13% to 20%.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$96 714
BTC
-1.92%
-
Ethereum
$3 306.86
ETH
-3.25%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.32
XRP
-13.59%
-
Dogecoin
$0.402025
DOGE
-14.14%
-
Cardano
$0.97365
ADA
-8.84%
-
Stellar XLM
$0.514088
XLM
+18.26%
-
Polkadot
$8.21
DOT
+0.26%
-
Bitcoin Cash
$485.58
BCH
-8.64%
-
Litecoin
$93.27
LTC
-9.1%