Russia limits crypto exposure for market brokers

• The Bank of Russia has proposed a 25% cap on crypto exposure for market brokers.
• The limit would apply to digital assets held in brokers’ own portfolios.
• The move forms part of Russia’s broader framework for regulated crypto trading.

The Bank of Russia has proposed limiting market brokers’ own crypto holdings to 25% of their capital.

The rule would apply to crypto assets held directly by brokers rather than client assets.

The proposal is part of Russia’s wider effort to bring crypto trading under regulated financial markets.

The central bank has been developing rules for licensed exchanges, brokers and other crypto market operators.

Russia’s new framework is expected to give the Bank of Russia greater control over crypto trading activity.

The rules also distinguish between retail investors and qualified investors when setting access to digital assets.

The proposed 25% limit would add a capital control for brokers as Russia builds its regulated crypto market.