Russia Drafts Rules for Digital Asset Trading and Custodians

Central Bank of Russia releases draft regulation for organized digital asset trading, setting capital requirements for custodians and exchanges while maintaining ban on domestic crypto payments.

Woofun AI reports that the Central Bank of Russia has published a draft regulation governing the "organized trading" of digital assets and rights. The proposal mandates that exchanges define trading procedures via internal rulebooks and calculate market prices, while establishing digital custodians with registered capital between 50 million and 250 million rubles. These custodians must hold highly liquid, high-credit-quality assets. Electronic platform operators face similar capital thresholds and must handle settlement for nominal accounts of digital financial assets. The draft is now undergoing regulatory impact assessment, aligning with prior legislation and continuing to prohibit cryptocurrency use for domestic payments while enabling compliant retail trading.