Russia Allows Brokers to Count Approved Cryptos as Capital

The Bank of Russia has made a significant announcement for brokers operating in the country. According to recent reports, the bank has stated that it will allow brokers to count cryptocurrency as part of their capital.

This move is seen as a major development in the Russian financial sector, where cryptocurrencies have been gaining popularity in recent times.

However, there's a catch - anything outside the list of approved cryptos will be treated as 100% risk. This means that brokers must only deal with cryptocurrencies that are explicitly allowed by the bank.