Crypto for pros. The Russian Bank (BOR) has just announced a news that may well change the situation for the country’s qualified investors who will now have access to financial products related to cryptocurrencies. This decision marks a turning point rather logical in the crypto policy of Russiaeven if the central bank remains cautious by imposing strict conditions to limit risks.
- The Russian Bank has announced that qualified investors will now be able to access financial products related to cryptocurrencies.
- These financial derivative products will not be deliverable, thus limiting direct exposure to cryptocurrencies while minimizing risks.
Crypto financial products for qualified investors
According to the press release de la Bor, the Qualified investors will therefore be able to access financial derivative products, that is, digital titles and assets whose yields are linked to the prices of cryptocurrencies. However, there is a problem: these instruments must be unrevable. In other words, investors will not directly receive the underlying cryptocurrencies, but only the associated yields.
This measure aims to offer to so -called qualified investors An exposure to cryptocurrencies while minimizing the risks. Financial institutions are also encouraged to adopt a conservative approach in the evaluation of risks Linked to these products, and this includes the complete coverage of these risks with capital and the establishment of individual limits.
A cautious opening to cryptocurrencies
There Russian bank has always been prudent vis-à-vis cryptocurrencies. In this press release, she continues to warn against direct investments in these digital assets, recalling that cryptos are volatile and present significant risks for uninformed investors.
However, this opening to Qualified investors shows that Russia is ready to take a step towards the adoption of cryptocurrencies, but in a controlled manner. The Central Bank even plans to formalize this conservative approach in the regulation of risks linked to cryptocurrencies by the end of the year.
By opening cryptocurrencies to qualified investors, the Russian bank takes a step towards the adoption of these digital assets, while maintaining a cautious approach to limit risks. This decision may well mark the start of a new era for cryptocurrencies in Russia and this echoes the last findings of the institution who was ecstatic in front of Bitcoin’s performance. But from there to allow everyone to buy it, there is a step that the Kremlin does not want to cross yet.