Bank of Russia Allows Banks to Offer Cryptocurrency Products to Accredited Investors

Russia's Central Bank eases crypto regulations for qualified investors, enabling derivatives and securities linked to cryptocurrency prices while maintaining oversight.

BTC

Summary

The Bank of Russia has permitted financial institutions to offer crypto-linked investment products, including derivatives and tokenized securities, to accredited investors. This decision follows a 51% increase in crypto transaction volumes, totaling approximately $92.9 billion. T-Bank has initiated Bitcoin investment offerings under this policy, although direct cryptocurrency investments remain discouraged by the central bank.

Terms & Concepts
  • accredited investors: Individuals or entities that meet specific financial criteria to invest in certain types of securities that are not registered with financial authorities.
  • crypto derivatives: Financial contracts whose value is derived from the price of cryptocurrencies, allowing investors to speculate on future price movements without owning the underlying asset.
  • centralized exchanges (CEXs): Platforms that facilitate the buying and selling of cryptocurrencies, where transactions are managed by a central authority.