Bank of Russia says that qualified investors now have access to crypto derivatives

The Bank van Russia said on Wednesday that financial institutions can offer crypto-linked derivatives to qualified investors, which marks a cautious but important step towards regulated crypto-exposure in the country.

“Financial institutions can offer qualified investors financial derivatives, securities and digital financial assets whose revenues are related to cryptocurrency prices,” the Central Bank said in a statement.

The instruments must be ‘uninhibited’, which means that they cannot lead to the actual ownership of crypto assets such as Bitcoin (BTC) or Ethereum (ETH). It is comparable to the limitations that have confronted Crypto ETFs based in the US with offering in kind repayments.

With a “conservative approach”, the bank insisted on these offers, called for complete capital coverage and individual exposure limits, while repeating her long -term warning against direct investments in Cryptos.

The move is the last in a series of policy steps that are aimed at developing the domestic crypto infrastructure of Russia without endangering control.

In 2020, the bank of Russia forbade investment funds and brokers to offer crypto-blot products, to offer volatility, fraud risks and systemic threats.

The supervisor has long considered Crypto, decentralized and not started, as incompatible with national monetary policy.

Things started to shift after the Russian invasion of Ukraine in 2022 caused sanctions.

Isolated from global finances, Russian officials began to investigate how crypto international settlements made possible and could retain liquidity.

The legal walls around Crypto in Russia started to crack last August, when Putin signed a law that allowed registered crypto -miners to operate, so that an industry is formally regulated that is kept in legal Limbo for a long time.

In March, the Bank of Russia drove a proposal to allow ‘particularly qualified’ investors who, with more than $ 1.1 million (100 million rubles) in assets or annual income of more than $ 550,000 (50 million rubles), to participate in a limited three-year crypto-test.

By April, Russian officials had advanced plans for a Crypto exchange supported by the State, according to the local Outlet RBC.

Finance Minister Anton Siluanov supported the platform publicly, which will operate under an experimental legal regime.

Access will be limited to “super -qualified” investors, with still rated requirements.

Published by Stacy Elliott.