
- Russia’s new crypto policy for qualified investors.
- New investment options by major banks.
- Increase in crypto asset inflows by citizens.

Bank of Russia has approved non-deliverable crypto-linked financial instruments for qualified investors, announced on May 28, 2025, in Russia.
Russia’s regulatory shift may spur broader adoption while limiting direct ownership. Financial markets reacted positively to the regulated exposure announcement.
The Bank of Russia has authorized financial products linked to cryptocurrency prices. Major institutions like T-Bank and Sberbank reacted swiftly, introducing offerings like Bitcoin-linked assets under new regulations. Other players include Moscow Exchange and SPB Exchange initiating futures trading.
“It is important to note that all approved products must be ‘non-deliverable,’ meaning they provide exposure to cryptocurrency price movements without actual ownership of the digital assets themselves.” – Bank of Russia
These developments could reshape Russia’s financial landscape. Institutions like T-Bank have introduced Bitcoin investments without using crypto exchanges, aligning with legal frameworks. Sberbank plans structured bonds, while the Moscow Exchange will offer cash-settled Bitcoin futures.
The new products might result in more regulated investment options. Crypto asset inflows saw a 51% increase, reaching 7.3 trillion rubles. This movement indicates a strong investor interest in cryptocurrency, prompting regulatory adaptation.
The shift might affect Russia’s financial ecosystem. Despite growing acceptance, the framework limits direct crypto ownership. The cautious approach maintains a conservative stance, balancing innovation with risk management.
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