According to Krasinsky, the corresponding draft regulatory act has been prepared and agreed with other departments.
“We plan to equalize the conditions with brokers and allow the calculated derivative financial instruments (PFI) for cryptocurrency for management companies. There are several regulatory obstacles, they are not only in the regulation of PIFs. It is necessary to enter a list of investment basic assets of the PFI on cryptocurrency, ”he explained.
In addition, Krasinsky emphasized that it would be strange if such a decision in the future led to the emergence of new large funds. The regulator expects that the classic promotion market and bonds for the national economy will still be dominant.
Earlier, the director of the Department of Financial Policy of the Ministry of Finance of Russia, Alexei Yakovlev, said that the agency plans to reduce the requirements necessary to obtain the status of a “particularly qualified investor”. The reason is to expand the composition of the bidders of cryptocurrency.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
