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Bank of Russia Allows Crypto Derivatives for Qualified Investors

  • Bank of Russia permits crypto-linked derivatives for qualified investors, marking a cautious shift in Russia’s crypto investment stance.
  • New rule allows financial institutions in Russia to offer non-deliverable crypto products like derivatives, securities, and digital financial assets.
  • Government plans to launch an exclusive crypto exchange for 'super-qualified' traders, led by the Central Bank of Russia and the Ministry of Finance.
  • Bank of Russia emphasizes the need for safe risk management by financial institutions and plans to introduce clear rules for crypto investments later this year.

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