Bank of Russia Unveils Draft Rules for Cryptocurrency Margin Trading
The Bank of Russia has released a draft set of rules for margin trading in cryptocurrencies and digital rights, paving the way for investors to engage in leveraged transactions. The rules will apply not only to qualified but also to non-qualified market participants.
The document outlines how brokers will be able to open margin positions for clients on crypto assets and digital rights. Key conditions include a requirement that trading organizers publish an official risk rate for specific assets, limiting the ability to combine different assets into a single position, and introducing two risk coverage standards.
The rules aim to balance access to the market with risk management requirements. The regulator has divided clients by risk level, requiring standard or increased risk investors to meet certain asset size and trading experience thresholds.