Bank of Russia drafts regulations requiring digital asset platforms to hold up to $2.8 million in capital ahead of September framework.
Russia’s central bank proposed new rules requiring digital asset platforms to maintain liquid capital of up to $2.8 million. The draft regulations aim to extend existing securities market frameworks to cryptocurrencies and digital assets, including custody and record-keeping standards.
The proposals introduce tiered capital requirements for regulated “digital depositories,” ranging from 50 million rubles ($570,000) to 250 million rubles ($2.8 million). Requirements vary based on services offered and asset types held. The rules align with a broader digital assets law set to take effect by September.
The move follows the European Union’s recent sanctions targeting Russian-linked crypto firms, adding regulatory clarity ahead of Russia’s fall crypto framework rollout.