Russia's central bank has released draft rules for digital asset platforms, requiring them to hold up to $2.8 million in liquid capital. This move comes ahead of a broader regulatory framework for cryptocurrencies, which is expected to be rolled out in the fall.
The new rules are part of the country's efforts to establish a more comprehensive and structured approach to regulating digital assets. According to reporting from CoinDesk, the draft rules are intended to provide clarity and stability for digital asset platforms operating in Russia.
The requirement for digital asset platforms to hold significant liquid capital is likely intended to ensure their financial stability and ability to operate smoothly. The exact details of the rules and how they will be implemented are still to be finalized.