Russia Imposes Crypto Holding Limits for Market Participants

The Bank of Russia has issued new draft regulations governing the inclusion of cryptocurrency holdings in balance sheets for market participants. According to the ordinance, professional market participants such as brokers, trustees, forex dealers, and cryptocurrency exchanges will have to include their crypto assets when calculating equity value. The new rules set a 25% limit on crypto holdings as a percentage of total equity declared.

Crypto assets must be registered with depositories to be included in these calculations, allowing the state to verify their existence. This move aims to assess credit and market risks and ensure companies can cover potential losses.