Bank of Russia Proposes Rules for Margin Trading of Cryptocurrency
The Bank of Russia has proposed new rules for brokers to allow margin trading of cryptocurrency and digital rights. This means that brokers will be able to work with digital currencies, foreign digital instruments, and digital rights within the framework of margin operations.
Both qualified and non-qualified investors will be able to enter into such transactions. For non-qualified participants, the Bank of Russia will separately set limits so that investments using borrowed funds do not exceed acceptable risk levels.
The new standards are related to the planned admission of brokers to the market for digital currencies, foreign digital instruments, and digital rights. The main task is to integrate cryptocurrency and digital rights into the risk management system so that the broker can assess the client's collateral and respond promptly to a deteriorating position.