The Bank of Russia has included digital currencies in the list of assets that professional participants should consider when calculating prudential standards reflecting their financial stability. These rules should also apply to crypto exchanges. This is reported on the Central Bank's website with reference to the relevant draft instruction.
The draft establishes the procedure and cases for taking cryptocurrencies into account when assessing credit and market risk in the capital adequacy ratio, as well as restrictions on their share in the capital of professional participants. This indicator will mean that they have enough funds to cover possible losses.
Brokers, managers and forex dealers, as well as crypto exchanges, according to the document, when determining the size of their own funds, can only take into account cryptocurrencies that are allowed to be traded on exchanges.
Such instruments should not exceed 25% of the value of assets accepted for settlement. At the same time, the digital currencies of the professional participants, which they plan to include in this limit, must be registered in crypto depositories, according to the draft instruction.
