Investment scope expanded: Russia's central bank allows professional funds to invest in digital currency settlement indices

Odaily reports that the Bank of Russia has amended mutual fund investment rules, allowing funds aimed at professional investors to invest in settlement indices linked to digital currency quotes.

Retail mutual funds may allocate a portion of their portfolios to unlisted Russian securities and foreign securities, including tokenized securities and shares of U.S. exchange-traded funds linked to cryptocurrency prices, with an investment cap of 10% for such assets; the cap for closed-end funds is 20%.