Bank of Russia Allows Mutual Funds to Invest in Crypto
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.