Russia’s Central Bank Eases Mutual Fund Rules to Allow Crypto-Linked Settlement Indexes

The move matters less as a crypto endorsement than as a plumbing change: Russia's central bank is carving out regulated wrappers where crypto-linked exposure can sit without direct token custody, which suits professional and qualified buyers first. The 10% cap, doubled for closed-end vehicles, signals a deliberate containment approach rather than open retail access. What's worth watching is whether these tokenized and ETF-linked channels stay a niche for professional funds or become a template other jurisdictions copy.