According to online reports, the Russian Central Bank announced that it will allow financial institutions to provide cryptocurrency-related derivatives, securities and digital financial asset trading services to qualified investors. These products must be non-deliverable, that is, they cannot be settled in actual cryptocurrency. The Russian central bank requires financial institutions to adopt a prudent risk management approach, fully cover relevant capital, and implement personal exposure limits. The central bank plans to enact formal regulations in the next year to better manage risks related to cryptocurrency price fluctuations. In addition, the Russian government is reviewing a new proposal to establish a restricted testing mechanism that would only allow certain groups of investors to trade cryptocurrencies in a strictly regulated environment.