Bank of Russia to ban mutual funds from investing in Bitcoin
Mutual funds in Russia will not be allowed to provide crypto exposure to qualified or unqualified investors. The Russian central bank continues its strict policies regarding the cryptocurrency industry, now officially banning mutual funds from investing in cryptocurrencies like Bitcoin (BTC).On Dec. 13, the Bank of Russia published an official statement on regulating investment opportunities by mutual investment funds.Despite expanding the number of assets available for investment by mutual funds, the document prohibits fund managers from buying cryptocurrencies as well as “financial....
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Russia’s central bank intends to prohibit mutual funds from acquiring crypto assets or related financial instruments. The proposal, which is in line with its hard line stance on decentralized digital money, comes after the regulator urged stock exchanges to avoid trading securities tied to cryptocurrencies.
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Manasquan Bank, a mutual community bank in New Jersey serving residents since 1874, has announced it is partnering with the company Bakkt to give its retail clients the ability to buy, sell and hold cryptocurrency through the bank’s mobile banking application.
Manasquan Bank to Give Customers Access to Crypto
A mutual community bank headquartered in Wall Township, New Jersey will give bank customers the ability to buy, sell and hold cryptocurrencies. Manasquan Bank announced this decision on Tuesday in a press release published by Bakkt Holdings, Inc. (NYSE: BKKT). The....