Bank of Russia Cuts Bank Crypto Risk Exposure to 1%

The Bank of Russia has proposed strict rules to regulate banks' exposure to cryptocurrencies and foreign digital instruments. The draft regulation caps total risk from these assets at 1% of a bank's capital, with some exceptions for lower-risk positions.

Banks would have to remain within the 1% ceiling on every operating day, and breaches on six or more days within any 30 consecutive days could lead to measures against an institution. The proposed framework divides crypto-related transactions into two groups based on risk levels.

The regulator plans to introduce reporting for turnover in covered instruments and the new N31 and N32 risk ratios from January 2027, with detailed reporting forms still under development. The regulation is expected to be officially published in the fourth quarter of 2026.