Russia's central bank has authorized qualified investors to access cryptocurrency-linked financial products, including derivative instruments and digital financial assets.
The crypto derivatives allowed must be non-deliverable and limited to qualified investors meeting high thresholds of net worth or professional certification.
Financial institutions offering these products need to fully collateralize them, implement exposure limits, and follow strict risk management procedures.
The Bank of Russia's move reflects a cautious approach towards cryptocurrency regulation, focusing on controlled experimentation with crypto-based financial instruments.