Bank of Russia Plans to Include Digital Currency in Prudential Regulation Metrics

The Bank of Russia has released a regulatory draft proposing to include digital currencies in the asset scope for calculating prudential regulation metrics such as capital adequacy ratios for professional participants in the financial market. This applies to institutions such as brokers, asset management companies, forex traders, and cryptocurrency exchanges. The draft stipulates that these institutions may only include cryptocurrencies approved for circulation on exchanges when calculating their own funds, with a value not exceeding 25% of the total assets included in the calculation, and must be held in custody by a crypto custodian. This move aims to incorporate the risks of crypto assets into capital regulation and enhance the financial stability of intermediary institutions.

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