The Bank of Russia has taken a significant step in integrating crypto into its financial system, granting approval for qualified investors to trade crypto derivatives. This move marks a shift from the country’s traditionally cautious approach, aiming to balance market control with innovation. 2025 will see the launch of cash-settled futures on the Moscow Exchange, signaling a broader market evolution. Sberbank, Russia’s largest bank, is actively preparing structured bonds linked to crypto returns, showcasing the increasing integration of digital finance into traditional markets. While this move prioritizes sophisticated investors and avoids public access, it reflects a cautious yet strategic approach by the Russian government.