Russia's Central Bank Proposes Up to $2.8 Million Capital Requirements for Digital Asset Depositories
The Bank of Russia has published draft rules for digital asset depositories, requiring them to hold between $570,000 and $2.8 million in liquid capital, depending on the services provided. These proposals are part of a broader cryptocurrency regulatory framework expected to come into full force by September, following the adoption of a digital assets bill by the State Duma on July 21 and its approval by the Federation Council on July 24. The draft rules are currently open for public assessment.
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