Recently, during a press conference quoted by the business news portal RBC, Elvira Nabiullina, the head of the regulator, asserted that the Central Bank of Russia (CBR) isn’t prepared to admit a Bitcoin exchange-traded fund (ETF) to the market. Nabiullina also insisted that asset managers should not include cryptocurrency assets in mutual funds. In addition, the CBR called on brokers and trustees to refrain from offering underlying assets to unqualified investors.