Today news
About the same in other media
Russia to Ban Funds from Crypto Investment, Experts Warn of ‘Blurry’ Legal Status
Reading now: 659
The Russian Central Bank has moved to bar financial firms in the country from engaging with crypto-related mutual funds.
In a press release, the resolutely anti-crypto body, which also polices the domestic financial sector, announced it had created a draft directive, which it will listen to feedback on until December 27, 2021.
The directive deals with other mutual fund-related restrictions, too, but crypto-keen banks will be stunned to hear that the Central Bank wrote of establishing a “ban” on “the investment of funds in mutual funds, including those intended exclusively for [industrial] investors, in digital currencies and financial instruments, the price of which depends on the rates of digital currencies” – essentially all tokens and
Read more on cryptonews.comAbout this in other media
Industry experts reveal a possible method for Bank of Russia to block crypto cointelegraph.com /2 years ago
'Shameful and rude': Orban slammed over remark on Bosnia's Muslims euronews.com /2 years ago
No Progress on Russian Crypto Law until February 2022 at the Earliest, Says Duma Chief cryptonews.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
