Bank of Russia allows mutual funds to invest in crypto-related instruments

According to Bits.media, the Bank of Russia has revised mutual fund investment rules, allowing funds targeting professional investors to invest in settlement indices linked to digital currency quotes. Retail mutual funds may also allocate a portion to unlisted Russian and foreign securities, including tokenized securities and shares of U.S. exchange-traded funds pegged to cryptocurrency prices, with a maximum investment limit of 10% for such assets, while closed-end funds have a limit of 20%.