Bank of Russia Allows Mutual Funds to Invest in Crypto

Published at 2025-11-26 11:15:08

Russia’s central bank has moved to relax regulations governing mutual funds, allowing them to take on crypto exposure under revised investment rules. The change marks a notable shift from tighter controls and could open a regulated channel for institutional and retail capital to access digital-assets exposure without direct coin custody.

The development matters because mutual funds can pool investor demand and bring stronger governance, which may increase liquidity and legitimacy for crypto-related products in Russia. Fund managers will still face compliance and risk-management responsibilities, and market participants will be watching for follow-up guidance on limits, reporting and tax treatment. Overall, the tweak signals a pragmatic approach that balances investor access with supervisory oversight.

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