The Central Bank of Russia has approved "Perptual Futures," allowing institutions to offer encryption financial derivations.

The Bank of Russia allows cryptocurrency derivatives to be allowed by accredited investors, provided that they are non-deliverable products to control risk. (Summary: Russia's new crypto regulations require "KYC mining", miners must report income on the 20th of each month) (Background supplement: Russia has no plans to build bitcoin reserves, Ministry of Finance: national funds prefer RMB and gold) The Central Bank of Russia recently announced that it will allow domestic financial institutions to provide financial derivatives, securities and digital financial assets linked to cryptocurrency prices to qualified investors, which is expected to have an impact on the country's cryptocurrency market and investment strategy. Central Bank New Deal: Focus on Non-Deliverable Products and Qualified Investors According to the announcement of the Central Bank of Russia on May 29, 2025, the core of this policy is that the relevant products must be "non-deliverable", meaning that investors will be exposed to the risk of cryptocurrency price fluctuations, rather than directly holding actual digital assets, with the goal of reducing the potential risk of physical delivery, which is the most prevalent perpetual financial products in the cryptocurrency space. It may soon be seen that institutions open up related products with perpetual contract functions. The central bank also advised credit institutions to carefully assess the risks involved, ensure adequate capital coverage and set individual limits, and forecast that more detailed guidelines on such risks will be issued this year. Initial market reaction and institutional layout After the release of the policy, the main Russian financial institutions have begun to prepare. According to Interfax, Russia's largest state-owned bank, Sberbank, plans to launch structured bonds linked to cryptocurrency yields. The Moscow Exchange is also expected to launch a new cash-settled bitcoin futures contract on its derivatives market in June, while the SPB exchange has also revealed its intention to offer cryptocurrency-linked futures. Russia's central bank stressed that participation in such products is restricted to "accredited investors" to protect retail investors with a lower risk tolerance. The move is also part of an overall regulatory strategy for digital assets in Russia, which is developing cryptocurrency exchanges for limited investors and exploring experimental regulatory mechanisms to allow cryptocurrency trading. Russia's intention to gradually integrate digital assets into its financial system under the premise of controllable risks, combined with the plan to develop a national stablecoin, Russia is committed to building a regulated digital asset ecosystem. Compared to other major economies, Russia has taken a more cautious and centralized approach to digital asset regulation, focusing on integrating related activities into the national regulatory framework. In any case, Russia has taken a step forward on the road to accelerating the layout of digital assets. Related reports Bauer, don't be afraid! The U.S. Supreme Court issued a holy decree: to protect the independent status of the Federal Reserve, Trump must not arbitrarily remove officials Fed Barr warned: Trump drags the Fed back! Tariff policy will return the economy to the "early days of the epidemic" Why is the Fed sticking to high interest rates? Fed microphone: Ball is waiting for a "bad enough" recession signal, Goldman Sachs expects to start cutting interest rates in July (Russia's central bank releases "perpetual contracts", allows institutions to provide crypto financial derivatives) This article was first published in BlockTempo "Dynamic Trends - The Most Influential Blockchain News Media".