Bank of Russia Releases Draft Regulatory Rules for Crypto Exchanges and Custodians
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Bank of Russia Releases Draft Regulatory Rules for Crypto Exchanges and Custodians
According to Cryptopolitan, the Central Bank of Russia (CBR) has released a draft of supporting regulatory rules for the cryptocurrency market, covering registration and operational requirements for crypto exchanges, digital depository institutions, and token issuers. The draft stipulates that the minimum net assets of digital depository institutions must range between 50 million and 250 million rubles (approximately $600,000 to $3 million), depending on the nature of the business. These rules will supplement the "Law on Digital Currency and Digital Rights" passed by the Russian State Duma earlier this month, which is expected to officially take effect on September 1, 2026. Under the new framework, non-qualified investors are limited to purchasing mainstream assets such as BTC, ETH, and USDT annually, with a cap of $4,000; industry participants will have a transition period until March 1, 2027, to complete compliance and approval procedures.
Navigating Web3 tides with focused insightsTechFlow News, July 29, according to Cryptopolitan, the Central Bank of Russia (CBR) released a draft of supporting regulatory rules for the cryptocurrency market, covering registration and operational requirements for crypto exchanges, digital depository institutions, and token issuers. The draft stipulates that the minimum net assets of digital depository institutions must be between 50 million and 250 million rubles (approximately 600,000 to 3 million USD), with the specific amount depending on the nature of the business.
The above rules will supplement the "Law on Digital Currency and Digital Rights" passed by the Russian State Duma earlier this month, which is expected to officially take effect on September 1, 2026. Under the new framework, non-qualified investors can only purchase mainstream assets such as BTC, ETH, and USDT annually, with a cap of 4,000 USD; industry participants will have a transition period until March 1, 2027, to complete compliance and approval procedures.
