Russian banks for the first time encryption products for qualified investors
The Bank of Russia has allowed financial institutions to provide some financial tools based on encrypted currency to accredited investors.
Russian banks are now free to provide qualified investors with a range of encryption products, including encryption derivatives, securities and other digital financial assets associated with encryption prices, the central bank Declare On May 28.
However, the main birth is that these products should not include “actual delivery of encrypted currencies”, as the Bank of Russia emphasized.
This announcement came alongside the Bank of Russia Reporting An increase of 51 % in encryption asset flows by the Russian population in the first quarter of 2025, totaling 7.3 trillion rubles (81.5 billion dollars).
T-Bank is among the first to offer Bitcoin Investment products
Some major Russian banks have started offering investment products in the cryptocurrency immediately after the Bank of Russia’s announcement.
T-Bank (former Tinkoff Bank), one of the largest commercial banks in Russia, announced on May 29 the provision of digital financial assets (DFA) associated with Bitcoin (BTC).
The bank said: “The tool allows you to invest in the cryptocurrency in Ruble through a familiar application – safely and within the legal framework of the Russian Federation, without opening an account on the exchange of encryption and difficulties in protecting your portfolio.”
The new “smart assets” offers are released from the T-Bank through the premium code supported by the Russian state attemyze and are exclusively available to accredited investors.
Direct encryption investments are still not encouraging
While the green light for local lenders to provide encryption products, the Russian Central Bank still maintains a restricted approach regarding direct investment in the encrypted currency.
“The Bank of Russia still does not recommend financial institutions and its customers to invest directly in encrypted currencies,” the Bank of Russia said in a statement.
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The Central Bank also referred to the continuous government discussions on launching a possible experimental system that would allow some investors to exchange encryption assets, such as Bitcoin directly.
CEX spaces estimated in Russia are $ 9.2 billion
In the latest financial stability review, the Bank of Russia estimated the Central Exchange Carters (CEXS) at 827 billion rubles (9.2 billion dollars).
According to power, Bitcoin leads CEX Russian property with a 62 % stake, with ETHER (ETH) by 22 %. Stablecoins such as Tether Usdt (USDT) and Circle’s USDC (USDC) ranked third with 15.9 % stake.
Some local encryption fans noted that the actual number of the cryptocurrency that the Russians keeps is much larger than the CEX property that was informed by the Bank of Russia.
“i know that [Pavel] Dorov and [Alexey] Billyuchenko alone has more money in their portfolios from this amount, “Sergey Mendelev, founder of the Digital Settlement Exchange, has been released, books On Telegram. I hinted that the Russians carry much larger quantities in the governor and decentralized exchanges.
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