However, the direct holding or transfer of virtual currencies such as physical Bitcoin is still prohibited. On the 28th, the Russian Central Bank made an official announcement that "financial institutions are prohibited from trading virtual currency derivatives."
However, these products will be subject to the “physical delivery” (DDE) system.
With this announcement, the Russian Central Bank announced that the inflow of cryptocurrency assets from Russian citizens will reach 7.3 trillion yen by the first quarter of 2025.
The total amount of the loans was calculated as 13 trillion rubles (approximately 13 trillion yen), which is a 51% increase from the previous quarter.
Shortly after the central bank's announcement, Tinkoff Bank (formerly Tinkoff Bank) said it had launched a digital financial asset (DFA) product linked to the price of Bitcoin.
T Bank said about this product, "You can exchange cryptocurrencies with rubles without having to open a separate account at a cryptocurrency exchange or worry about wallet security issues.
The product was issued through state-run tokenization platform Atomize and is only available to officially certified investors.
Although Bitcoin derivatives are permitted, the Russian Central Bank remains firm in its position of not recommending that individuals or institutions invest directly in the cryptocurrency itself.
In a statement, the central bank said it does not yet encourage financial institutions and their clients to invest directly in virtual currencies, and that it will not allow an experimental system for direct trading of virtual currencies such as Bitcoin.
He mentioned that they are considering introducing
2025/05/30 14:00 KST
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