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Russia's central bank has announced plans to allow financial institutions to offer crypto-linked investment products to qualified investors, according to a May 28 statement.

The Bank of Russia explained that it will allow instruments such as derivatives, tokenized securities, and other digital financial products that reflect crypto price movements.

However, these offerings must be non-deliverable, meaning that investors can only speculate on the prices but not receive or hold actual digital assets.

The CBR stressed that credit institutions must adopt a conservative risk assessment framework before offering these instruments. The regulator noted the importance of safeguarding financial stability while exploring controlled exposure to crypto-linked products.

This development comes amid Russia's broader efforts to build a regulatory framework for digital assets.

While the country has formalized rules for mining activities, regulations around exchanges and the wider use of cryptocurrencies remain in the works.

US pro-crypto shift boosts Russia's ecosystem
The policy shift follows a significant increase in domestic crypto activity.

According to the central bank's latest Financial Stability Review, crypto transaction volumes in Russia jumped by more than 51% in late 2024 and early 2025 compared to previous quarters.$XAU
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