Russia Approves Crypto-Linked Products for Qualified Investors, Balancing Innovation and Risk

Russia’s Central Bank has issued guidelines permitting the creation of crypto-linked financial products for qualified investors. These products include derivatives, securities, and digital assets tied to cryptocurrency prices. However, these instruments will be ‘non-deliverable,’ meaning investors only gain exposure through price fluctuations without receiving actual cryptocurrencies like Bitcoin or Ethereum. 50,000 BTC held by the Central Bank of Russia are part of the nation’s approach towards digital finance and demonstrate a cautious yet deliberate openness to cryptocurrency, amid international sanctions that restrict financial access.