Russia's Central Bank Proposes Including Digital Currencies in Prudential Regulation Metrics Calculation

Odaily Planet Daily News: The Central Bank of Russia has released a draft regulation proposing to include digital currencies in the asset scope for calculating prudential regulation metrics such as capital adequacy ratios for professional financial market participants, applicable to institutions including brokers, asset management companies, forex dealers, and cryptocurrency exchangers. The draft stipulates that relevant institutions may only include cryptocurrencies approved for exchange trading when calculating their own funds, with the value not exceeding 25% of the total assets included in the calculation, and such assets must be registered and held in custody by crypto custodians. The Central Bank of Russia stated that this move aims to incorporate crypto asset risks into capital regulation and enhance the financial stability of financial intermediaries. (TASS)