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The Central Bank of Russia will set a limit on banks’ investments in cryptocurrency., 2026/04/02 18:49:06
The Central Bank of Russia will have the authority to limit banks’ investments in crypto assets and impose restrictions on financial institutions regarding specific transactions involving digital currencies. This is outlined in a draft law submitted by the government to the State Duma.
The limitation on banks’ investments in cryptocurrencies is intended to mitigate risks associated with liquidity loss in the event of a sharp decline in cryptocurrency prices, as stated in the document.
The draft law permits the Russian Central Bank to establish additional regulations for commercial banks that engage with cryptocurrencies—whether purchasing for themselves or on behalf of clients. This mechanism is expected to function similarly to the existing framework for banks dealing with mortgage bonds.
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Back in May of the previous year, the Central Bank advised banks to limit their investments in cryptocurrency-related instruments to 1% of their capital. For instance, if a bank has 100 billion rubles, it should invest no more than 1 billion rubles in cryptocurrencies. At that time, the Central Bank also committed to formalizing this approach within a year.
The Bank of Russia will also have the ability to prohibit non-credit financial organizations (i.e., non-banks), such as investment firms, from engaging in certain transactions involving cryptocurrencies and foreign digital assets. The draft law does not specify the scope of the Central Bank’s powers concerning digital currency; theoretically, the primary financial regulator in Russia will gain the authority to impose any restrictions on the operations of financial organizations without a banking license concerning cryptocurrency assets.
Previously, the government introduced a comprehensive draft law to the State Duma, aimed at establishing a framework for regulating cryptocurrency circulation. Legal interactions with digital assets will be permitted for crypto exchanges and digital depositories, which are services designed for the secure storage of digital assets.
