Bank of Russia Says Financial Institutions Can Offer Crypto-Linked Instruments to Qualified Investors
The Bank of Russia said that financial institutions may offer crypto-linked instruments to qualified investors as the nation continues to explore crypto offerings.
“Financial institutions may offer qualified investors financial derivatives, securities, and digital financial assets whose yields are linked to cryptocurrency prices,” the Bank of Russia said in a post on Wednesday.
Russia has softened its stance to crypto of late as the asset has continued to see new highs. Though the central bank has warned institutions and their clients against investing directly in crypto, it has proposed allowing a limited group of qualified investors to trade crypto in an experimental regime that would last three years — something it says the…
