Russia’s central bank has allowed banks to provide crypto-linked products exclusively for qualified investors. The focus is on non-deliverable derivatives and securities, ensuring that investors do not actually receive cryptocurrencies like Bitcoin or Ethereum.
A proposed crypto sandbox will run for three years with strict requirements for investors based on income and assets. Sberbank aims to support regulated crypto platforms, signaling a cautious yet progressive step in Russia’s approach to the cryptocurrency market.
Leave a Reply