Bullish
Russia Drafts Crypto Exchange Rules, Sets $3M Custodian Cap
2026-07-29 18:16:57
Central Bank of Russia releases draft regulations for crypto exchanges and custodians, setting net asset requirements and compliance deadlines under new digital currency law.
Woofun AI reports that the Central Bank of Russia has published draft regulatory guidelines for cryptocurrency exchanges, digital custodians, and token issuers. The proposal mandates minimum net assets for custodians ranging from 50 million to 250 million rubles, contingent on business scope.
These measures supplement the "Digital Currency and Digital Rights Law", effective September 1, 2026. Non-qualified investors may purchase BTC, ETH, and USDT up to 4,000 USD annually, while entities must achieve compliance by March 1, 2027.
WOOFUN AI
Impact Assessment · Quick Read
The introduction of specific capital requirements and investor caps signals a move toward structured regulation in Russia's crypto sector. By defining clear operational standards for custodians and exchanges, the framework aims to integrate digital assets into the formal financial system. The extended compliance deadline allows market participants time to adapt, potentially reducing short-term regulatory friction while establishing long-term oversight mechanisms.
Generated by WOOFUN AI · For reference only, not investment advice
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