The Russian central bank plans to allow eligible investors to trade cryptocurrency derivatives

According to Golden Finance, the Russian Central Bank announced that it will allow financial institutions to provide cryptocurrency related derivatives, securities, and digital financial asset trading services to qualified investors. These products must be settled using non delivery methods, meaning they cannot be settled in actual cryptocurrency. The Russian central bank requires financial institutions to adopt a cautious risk management approach, fully cover relevant capital, and implement individual exposure limits. The central bank plans to formulate formal regulations within the next year to better manage risks related to cryptocurrency price fluctuations. In addition, the Russian government is considering a new proposal to establish a restricted testing mechanism that only allows specific groups of investors to engage in cryptocurrency trading in a strictly regulated environment.