Russia's central bank has drafted regulatory framework rules for organized crypto trading, including equity requirements and digital depositories.
Regulation & Gov ·
The Bank of Russia has drafted regulatory rules for organized cryptocurrency trading, establishing requirements for equity levels and digital asset depositories in the country's crypto markets. The framework represents an initial attempt to structure how digital assets may be traded through formal channels within Russia's financial system.
The rules address capital adequacy and infrastructure needs for platforms seeking to operate as organized trading venues. By introducing equity requirements and depository standards, the central bank appears to be setting conditions under which crypto trading activity could be conducted under formal oversight, though the specifics of how these requirements will be enforced remain unclear.
It is not yet known whether the draft rules will be adopted in their current form, what timeline the Bank of Russia has set for implementation, or how market participants have responded to the proposed framework. The extent to which these rules might apply to existing crypto platforms or only to newly registered entities has also not been specified.