Russia Approves Crypto Investments for Qualified Investors

The Bank of Russia has granted permission for qualified investors in Russia to engage with cryptocurrency-linked financial products, marking a significant regulatory shift in the country’s approach to cryptocurrencies. This move follows the rapid growth of crypto activities and aims to introduce controlled exposure to the volatile market. financial institutions are now able to offer derivative and security instruments based on cryptocurrency prices to qualified investors, but these products will not allow direct ownership of cryptocurrencies. Major players such as T-Bank and Sberbank are at the forefront of this shift.