Russia outlines new digital depository rules ahead of fall crypto framework roll-out
CoinDesk·
60-second summary
Russia's central bank is outlining new digital depository rules, mandating platforms to hold up to $2.8 million in liquid capital. This move comes ahead of the fall crypto framework roll-out, a sweeping regulatory framework that will likely have far-reaching implications for the Russian cryptocurrency market, potentially stifling growth and adoption.
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.