Russia Sets New Crypto Depository Rules Before September Launch
Russia has taken another step toward launching its regulated cryptocurrency market by introducing new rules for digital depositories and organized trading. The Bank of Russia aims to build a structured framework before the broader crypto legislation begins this fall.
Consequently, the new standards focus on strengthening market transparency, investor protection, and operational stability. Regulators also want digital asset infrastructure to meet financial standards similar to those governing traditional securities markets.
New Standards for Digital Asset Providers
The central bank requires digital depositories to maintain capital ranging from โฝ50 million to โฝ250 million. The required amount depends on each firmโs business model and services. Additionally, operators must hold liquid assets with strong credit quality to support financial resilience.
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