In brief
- The Bank of Russia announced that financial institutions can now offer crypto-linked derivatives to qualified investors.
- These instruments must be “non-deliverable,” meaning investors cannot actually own the underlying cryptocurrencies like Bitcoin or Ethereum.
- This policy change represents Russia’s evolving approach to cryptocurrency following international sanctions after the Ukraine invasion.
The Bank of Russia said Wednesday that financial institutions may offer crypto-linked derivatives to qualified investors, marking a cautious yet significant step towards regulated crypto exposure in the country.
“Financial institutions may offer qualified investors financial derivatives, securities, and digital financial assets whose…
