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Russia’s central bank has approved crypto-linked investment products for qualified investors, though actual custody of digital assets remains prohibited. The move aims to balance financial innovation with risk control amid rising crypto activity. This follows a 51% surge in Russian crypto trading volumes, reaching $93 billion.
- Russia’s central bank allows crypto derivatives for qualified investors but bans direct custody of digital assets.
- Crypto trading volumes in Russia surged 51% to $92.9 billion, with Bitcoin making up 62.1% of holdings.
- The US’s pro-crypto policies under Trump influenced Russia’s market growth, but stablecoin sanctions pose compliance risks.
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