The Russian Central Bank plans to allow eligible investors to trade crypto derivatives

The Central Bank of Russia announced that it will allow financial institutions to offer cryptocurrency-related derivatives, securities, and digital financial asset trading services to qualified investors. These products must be non-deliverable, meaning they cannot be settled in actual cryptocurrency. The Central Bank of Russia requires financial institutions to adopt a cautious risk management approach, fully cover the relevant capital, and enforce individual exposure limits. The central bank plans to formulate formal regulations within the next year to better manage risks related to cryptocurrency price volatility. Additionally, the Russian government is reviewing new proposals to establish a restricted testing mechanism, allowing only specific groups of investors to trade cryptocurrencies under a strictly regulated environment.