Bank of Russia Says Qualified Investors Can Now Access Crypto Derivatives

The Russian Bank announced on Wednesday that financial institutions could offer cryptocurrency-enabled derivatives to qualified investors, which marked a cautious but significant step towards the regulated exposure of cryptocurrencies in the country.

“Financial institutions can offer qualified investors financial derivatives, value papers and digital financial assets whose yields are associated with cryptocurrency prices,” said the Central Bank of the UAA statement.

Instruments must be “insecure”, which means that they cannot result in actual ownership crypto property such Bitcoin (Btc) or Ethereum (Eth). Similar to the limitations that the KRIPTO ETFs based in the US faced Offering a buyer in Nature.

The bank called for a “conservative approach” to these offers, calling for complete coverage of capital and individual exposure limitations, while repeating its longtime warning of direct investments in crypts.

This move is the last in a series of political steps aimed at developing the Russian domestic crypto infrastructure without threatening its control.

2020. Bank of Russia prohibited Mutual funds and intermediaries offering products exposed to crypto, citing volatility, fraud risks and systemic threats.

The regulator has Long speaking cryptocurrency, decentralized and unwavering, as incompatible with national monetary policy.

Things began to change after the Russian invasion in Ukraine in 2022 launched sanctions.

Isolated by global finances, Russian officials have begun to explore that cryptocurrencies can enable international settlements and preserve liquidity.

Legal walls around the cryptocurrency in Russia began to crack last August, when Putin signed the law Allowing registered crypto to miners to workformally regulating an industry that has long been kept in legal recess.

In March, the Bank of Russia Pressed the proposal to allow “Particularly Qualified” investors, those with over $ 1.1 million (100 million rubles) in property or annual revenues of more than $ 550,000 (50 million rubles) to participate in a limited three -year trial of cryptocurrencies.

By April, Russian officials had progressed plans for a state crypto exchange, according to Local exit RBC.

Finance Minister Anton Siluanov publicly supported the platform, which will act under the experimental legal regime.

The approach will be limited to “super qualified” investors, and the requirements are still reviewed.

Edited Stacy Elliott.