Russian banks to offer crypto products amid rising domestic activity
Russia’s central bank has announced plans to allow financial institutions to offer crypto-linked investment products to qualified investors, according to a May 28 statement.
The Bank of Russia explained that it will allow instruments such as derivatives, tokenized securities, and other digital financial products that reflect crypto price movements.
However, these offerings must be non-deliverable, meaning that investors can only speculate on the prices but not receive or hold actual digital assets.
The CBR stressed that credit institutions must adopt a conservative risk assessment framework before offering these instruments. The regulator noted the importance of safeguarding financial stability while exploring controlled exposure to…
