The Bank of Russia has approved the trading of financial instruments tied to crypto prices for qualified individuals.
Investors can participate in non-deliverable instruments, where they receive payouts based on price movements without holding the digital assets.
The central bank is enforcing strict risk controls, requiring financial institutions to back positions with capital and implement exposure limits.
Russia is advancing efforts to regulate digital assets, including a pilot program restricting crypto transactions to certain investors and plans for a government-run crypto exchange.