Translation. Region: Russian Federal
Source: Central Bank of Russia –
Financial institutions may offer qualified investors derivative financial instruments, securities and digital financial assets, the profitability of which is tied to the value of cryptocurrency. The key condition is that such instruments should not provide for the actual delivery of cryptocurrency.
For credit institutions recommended conservatively assess the risks of such instruments: provide for their full coverage by capital, and also set a separate limit for them. During the year, the Bank of Russia plans to formalize a conservative approach to regulating the risks of credit institutions associated with changes in the value of cryptocurrencies.
The Bank of Russia still does not recommend financial institutions and their clients to invest directly in cryptocurrencies. Proposals of the Bank of Russia on the launch of an experimental regime, where only certain categories of investors will be able to make transactions with cryptocurrencies, are being approved by the Government.
Preview photo: Timofeev Vladimir / Shutterstock / Fotodom
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Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect
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