Russia Proposes 25% Cap on Digital Currencies in Broker Capital

The Bank of Russia has proposed a framework for accounting and risk management that includes digital currencies in brokers' capital calculations. The proposal aims to establish rules for recognizing cryptocurrencies as assets in calculating own funds and capital-adequacy ratios for professional market participants.

The draft instruction, published on August 14, 2026, suggests that eligible digital currencies may account for no more than 25% of assets accepted for calculating own funds. The proposal requires that only instruments admitted to organized trading by a Russian operator can be recognized, and these assets must be recorded with a Russian digital depository.

The regulator is not proposing that client funds be moved into cryptocurrencies on a large scale. Instead, it aims to define the conditions under which certain crypto assets may be recognized when calculating financial-stability ratios. The 25% cap is intended to prevent cryptocurrency risk from becoming the dominant factor in a professional participant's capital.