Categories
Uncategorized

Bank of Russia Wants to Ban Mutual Funds From Investing in Cryptocurrency

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

Russia’s central bank intends to prohibit mutual funds from acquiring crypto assets or related financial instruments. The proposal, which is in line with its hard line stance on decentralized digital money, comes after the regulator urged stock exchanges to avoid trading securities tied to cryptocurrencies. Central Bank of Russia Issues Draft Directive Banning Crypto Investments for Mutual Funds The Central Bank of the Russian Federation (CBR) is taking steps to prevent mutual investment funds from putting money into digital currencies such as bitcoin. The restrictions would also apply to derivatives,…

The post Bank of Russia Wants to Ban Mutual Funds From Investing in Cryptocurrency appeared first on Technology Manias.

Leave a Reply

Your email address will not be published. Required fields are marked *