TechFlow news, May 29 — According to Cryptonews, the Central Bank of Russia announced it will allow financial institutions to offer qualified investors derivative products, securities, and digital financial asset trading services related to cryptocurrencies. These products must be non-deliverable, meaning they cannot be settled in actual cryptocurrencies.
The Russian central bank requires financial institutions to adopt prudent risk management practices, fully cover relevant capital requirements, and enforce individual exposure limits. The central bank plans to establish formal regulations within the next year to better manage risks associated with cryptocurrency price volatility.
In addition, the Russian government is reviewing a new proposal to establish a restricted pilot mechanism, allowing only specific investor groups to conduct cryptocurrency trading under strictly regulated conditions.
