Russia Caps Broker Crypto Holdings at 25% of Capital

Russian Central Bank draft limits professional market participants' crypto exposure to 25% of total capital, requiring custodian registration to verify authenticity and assess financial resilience.

Woofun AI reports that the Russian Central Bank has introduced a draft regulation capping crypto asset holdings for brokers, trust institutions, and exchanges at 25% of their total capital. The proposal mandates that these assets be registered with licensed custodians to enable state verification of authenticity. This measure is designed to evaluate credit and market risks while ensuring the financial stability of intermediaries involved in crypto trading. The draft aligns with Russia's broader legalization framework, following Duma approval of legislation permitting qualified and unqualified investors to trade crypto, subject to a 300,000 ruble annual limit for the latter. While crypto remains banned as a domestic payment method, cross-border settlement usage by importers and exporters is permitted.