Regulation· ★★★★· neutral·

Bank of Russia sends draft rules to Justice Ministry to launch crypto regulation

  • —Acts adopted to allow custodians and crypto exchanges into the legal market
  • —Minimum capital for a depository without open-blockchain wallets is 50 million rubles
  • —A depository with wallets on open blockchains needs at least 100 million rubles
  • —A settlement depository for organized trading needs at least 250 million rubles
Why it matters: A legal framework for Russia's crypto market is taking shape: licensed intermediaries and their capital requirements are being defined.
#BTC#ETH#USDT
Source: BeInCrypto RU
More on this
Markets · 22:53
ETH open interest on Binance hits nine-month high of $6.58B
 Regulation · 22:50
Bank of Russia Opposes Non-Custodial Wallets for All Market Participants
 Markets · 22:48
Bitcoin surges past $85K as gold slips to $4,340