Russia: Opened consultation on Central Bank ban of digital currency investments for mutual funds
Description
Opened consultation on Central Bank ban of digital currency investments for mutual funds
The Bank of Russia opened a consultation on a draft ordinance containing new rules for the mutual funds operating in the country. Particularly, the draft ordinance states that mutual funds cannot invest in digital currencies or in financial instrume…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank