The Bank of Russia has announced that financial institutions can now offer crypto-linked instruments to qualified investors. This decision reflects a gradual shift in Russia's approach to digital assets. The central bank has specified that these instruments may include financial derivatives, securities, and digital financial assets with yields tied to cryptocurrency prices.
While the Bank of Russia remains cautious about direct crypto investments, it is considering allowing qualified investors to trade crypto under an experimental regime. This initiative is under review by the government. The finance ministry is also reportedly planning to introduce a crypto exchange specifically for qualified investors, though a firm timeline has not been established.
The central bank has emphasized that credit institutions must carefully evaluate the risks associated with these instruments. They should ensure that risks are fully covered by capital and that individual limits are in place. The Bank of Russia intends to formalize a conservative regulatory approach to manage credit institutions' risks related to cryptocurrency price fluctuations throughout 2025.