<ul><li>Central Bank of Russia approves cryptocurrency-related financial products, including derivatives, securities, and digital assets tied to cryptocurrency price movements, for qualified investors.</li><li>All approved products must be settled in cash instead of actual cryptocurrency transfers, with credit institutions instructed to manage risks by fully covering these products with capital and setting strict individual limits for each investor.</li><li>Direct trading of digital assets remains prohibited for the general public in Russia, and the new crypto-linked products are accessible only to investors meeting specific professional criteria.</li><li>Russia is exploring the establishment of a state-run virtual asset exchange for ultra-high-risk investors, while also considering a pilot program for controlled cryptocurrency trading among select investor groups and the launch of domestic stablecoins.</li></ul>

Crypto Financial Products Approved by Russia’s Central Bank

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