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Russian Central Bank Greenlights Crypto-Linked Products for Qualified Investors

The Bank of Russia is cautiously opening up the financial system to cryptocurrency-linked products for qualified investors, but with strict conditions. Financial institutions can now offer non-deliverable derivatives, se...

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Russian Central Bank Greenlights Crypto-Linked Products for Qualified Investors
The Bank of Russia is cautiously opening up the financial system to cryptocurrency-linked products for qualified investors, but with strict conditions. Financial institutions can now offer non-deliverable derivatives, securities, and digital financial assets whose returns are tied to crypto prices, meaning clients won’t directly hold cryptocurrencies. The central bank mandates a conservative risk assessment approach, […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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