Bank of Russia asks exchanges not to list crypto companies

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The Bank of Russia has issued a recommendation to local stock exchanges asking them not to list shares of companies whose activities are related to cryptocurrencies.

The letter specifically specified the banned companies that depend on cryptocurrency rates, foreign digital financial asset prices, cryptocurrency changes, and cryptoasset indices. In addition, the regulator does not want the listing of crypto derivatives and securities of cryptocurrency funds.

In addition, the central bank has asked mutual fund managers, brokers and trustees not to include companies exposed to crypto in their managed portfolios.

But the recommended restrictions are only for retail investors, as professional and accredited investors will still be allowed to invest in shares of crypto-related companies.

The Russian regulator clarified that its restrictions do not apply to central bank digital currencies and other digital financial assets issued under Russian law in information systems whose operators are registered in the Bank of Russia.

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