Russian Central Bank Greenlights Crypto-Linked Products for Qualified Investors

On the 28th, the Russian Central Bank announced that financial institutions are now permitted to offer financial derivatives and securities linked to cryptocurrency prices to qualified investors. This decision marks a significant step in the gradual easing of cryptocurrency regulations for domestic investors. The approved products must adhere to a 'no physical delivery' condition, allowing investors to capitalize on cryptocurrency price movements without acquiring the actual assets. The Central Bank has mandated a conservative approach from financial institutions, requiring full capital coverage and the setting of individual limits.