The Russian central bank has released a draft to limit the exposure of banks to covered cryptocurrency assets and overseas digital tools to no more than 1% of their own capital. The draft sets two ratios, N31 and N32, which include direct investments, cryptocurrency price linked derivatives, as well as loans, bonds, and repurchases whose settlement or value depends on cryptocurrency assets. Whether customer custody assets are included depends on the loss bearing party, whether the bank or digital custody institution within the group is responsible for the inclusion, and whether they are not responsible is excluded from the two ratios but provisioned at a 50% risk weight. Customer positions held by self owned accounts and banks are subject to a 1250% risk weight. The draft plan is scheduled to be released in the fourth quarter of 2026 and will take effect 10 days after its release. Banks expect to submit N31 and N32 values starting from January 2027. (Source: CryptoSlate)
