Russia allows banks to offer crypto products to accredited investors

The Bank of Russia has officially permitted financial institutions to offer certain cryptocurrency-based financial instruments to accredited investors. Russian banks are now free to provide qualified investors with a range of crypto products, including crypto derivatives, securities and other digital financial assets tied to crypto prices, the central bank announced on May 28. A key stipulation, however, is that these products must not involve the “actual delivery of cryptocurrencies,” the Bank of Russia emphasized. The announcement came alongside the Bank of Russia reporting a 51% increase in crypto asset inflows by Russian residents in the first quarter of 2025, totaling 7 source: https://cointelegraph.com/news/russia-allows-banks-offer-crypto-products-accredited-investors?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound