Russia Sets Draft Rules for Crypto Trading and Custody

The Bank of Russia has proposed new rules for crypto trading and custody in the country. The draft regulations cover price calculation, disclosures, and trading suspensions.

Digital depositories would record cryptocurrency ownership under central bank supervision through an official national registry.

The capital requirements for these firms range from ₽50 million to ₽250 million depending on their activities.

Russia's crypto framework allows digital assets for foreign trade settlement but keeps domestic crypto payments banned nationwide.