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Bank of Russia Adds Crypto to Financial Resilience Calculations
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
The Bank of Russia has proposed adding cryptocurrencies to the assets used to calculate financial resilience ratios for brokers, trustees, forex dealers and crypto exchange offices. Under the draft rules, only exchange-traded cryptocurrencies would qualify, with their value capped at 25% of the assets included in the calculation. The proposal is currently open for regulatory-impact review.
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