Russia’s central bank has released a draft proposal that would place prudential limits on banks entering the country’s newly regulated crypto market, according to Techub News, citing Crypto.news. Under the proposal, a bank’s total exposure to cryptocurrencies and foreign digital instruments would be capped at 1% of its capital. The measure is framed as a risk-control requirement for financial institutions operating in the crypto asset space. The draft focuses on limiting aggregate risk rather than outlining a broader market expansion plan in the information provided. No additional implementation timeline or affected institutions were disclosed in the source summary. The report identifies the proposal as part of Russia’s new regulated crypto market framework for banks seeking entry.
Russia’s central bank has issued a draft proposal to set prudential limits for banks entering the country’s newly regulated crypto market, according to Techub News, which cited Crypto.news.
Under the draft, a bank’s total exposure to cryptocurrencies and foreign digital instruments would be limited to no more than 1% of its capital.
The measure is intended to control financial institutions’ risk exposure in the crypto asset sector, the report said.
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