Russian regulatory oversight escalates!

The Central Bank of Russia has taken action, officially allowing certain institutions to provide derivatives and digital asset trading services related to cryptocurrencies to qualified investors, but only in a 'non-delivery' model, meaning they cannot directly handle real coins.

Institutions must have comprehensive risk coverage and limited exposure, with extremely high compliance thresholds. The new regulations are expected to be officially implemented within a year, locking in the volatility risk of the cryptocurrency market.

At the same time, the authorities are promoting a 'restricted pilot mechanism,' which is only open to specific groups under strict regulatory supervision to test cryptocurrency trading.

Russia is balancing between strict control and openness, sending a compliance signal, but the door is only open to the 'pyramid's peak'. The global regulatory environment is becoming increasingly clear.