On May 28, 2025, the Central Bank of Russia announced that financial institutions would be allowed to provide trading services for cryptocurrency – related derivatives, securities, and digital financial assets to accredited investors. Here are the details:
Product Types: These products must adopt a non – delivery method, meaning they cannot be settled with actual cryptocurrencies.
Risk – Management Requirements: The central bank requires financial institutions to adopt a cautious risk – management approach, fully cover relevant capital, and implement personal exposure limits. It also plans to formulate formal regulations within the next year to better manage risks related to cryptocurrency – price fluctuations.
Institutional Response: Some major Russian banks have promptly launched cryptocurrency – investment products. For example, T – Bank (formerly Tinkoff Bank), one of the largest commercial banks in Russia, announced on May 29 the offering of digital financial assets (DFA) tied to Bitcoin (BTC). These offerings are issued through the Russian state – backed tokenization platform Atomyze and are available exclusively to accredited investors.
The Russian government is also considering a new proposal to establish a restricted – test mechanism that would allow only specific investor groups to trade cryptocurrencies in a strictly regulated environment. To be eligible, individual investors must have securities and deposit investments exceeding 100 million rubles (1.2million)or an annualin come of over 50 million rubles(600,000). Eligible institutional investors can also participate. The move aims to increase the transparency of the cryptocurrency market, establish standards for services in this market, and expand investment opportunities for experienced investors with a higher risk appetite.
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