Russia Sets New Crypto Depository Rules Before September Launch
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The Bank of Russia introduced rules for digital depositories and organized trading ahead of broader crypto legislation this fall, requiring firms to hold capital of ₽50 million–₽250 million and high-quality liquid assets. Regulators aim to align digital asset infrastructure with traditional securities standards to boost market transparency, investor protection and operational stability, clarifying the path for crypto adoption, CEXs, token launches and fundraising while potentially increasing costs for smaller DeFi players.
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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 ₽50 million to ₽250 million. The required amount depends on each firm’s business model and services. Additionally, operators must hold liquid assets with strong credit quality to support financial resilience.
Digital depos…
Read The Full Article Russia Sets New Crypto Depository Rules Before September Launch On Coin Edition.
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