Core Summary
According to CoinDesk, Russia’s central bank has released draft rules for digital asset custody, requiring digital asset platforms to hold up to $2.8 million in liquid capital as reserves. This regulatory move paves the way for Russia to roll out a comprehensive crypto regulatory framework this fall.
Event Details
CoinDesk reports that the draft rules published by Russia’s central bank impose strict capital requirements on digital asset custodians. According to the draft, platforms must hold liquid capital equivalent to $2.8 million to ensure client asset safety.
This regulatory action reflects a shift in Russia’s attitude toward crypto assets. Previously, Russia took a relatively conservative stance on cryptocurrency, concerned about its use for capital flight and money laundering. However, with the rapid development of the global crypto market and increasing demand from Russian enterprises for crypto technology in cross-border payments, Moscow is adjusting its regulatory strategy.
Analysts point out that Russia’s digital asset regulatory framework could serve as a reference template for CIS countries. If the framework is smoothly implemented this fall, it will provide a clearer legal environment for the Russian crypto market and may also attract more compliant institutional investors to enter the market.
Editor: GoodInfo Global News Team