Russia outlines new digital depository rules ahead of fall crypto framework roll-out
The central bank’s draft rules require digital asset platforms to hold up to $2.8 million in liquid capital as a sweeping regulatory framework looms.
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Summary
- The Bank of Russia has published draft regulations to create organized cryptocurrency markets, extending existing securities market rules to digital assets.
- The proposals would establish regulated “digital depositories” with tiered capital requirements from 50 million to 250 million rubles, depending on the services they provide and the types of assets they hold.
- The draft rules, issued under a new digital assets law taking effect by September, are open for public assessment and come shortly after the European Union announced a new sanctions package targeting Russian-linked crypto firms.
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Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
