Cryptocurrency holdings face tighter prudential requirements as proposed rules introduce eligibility criteria and a new limit for regulated financial intermediaries.
The Bank of Russia has published a draft regulation that sets prudential requirements for professional market participants, including brokers, trustees, foreign‑exchange dealers, and cryptocurrency exchanges, when accounting for cryptocurrency holdings in their equity calculations.
Under the draft, crypto assets may be included in equity calculations only if they have been admitted to trading on exchanges and are registered with state‑approved crypto depositories, allowing authorities to verify their existence. The value of such…
