🇷🇺 The Central Bank of the Russian Federation wants to strictly limit banks' investments in crypto, with a limit of no more than 1% of the banking group's capital.

When calculating capital, crypto assets will be considered almost maximally risky — with a weight of 1250%, because the regulator sees threats not only in volatility, but also in the possible blocking of such assets.

Client crypto will not fall under the limit, if the bank simply stores it as a custodian, but security requirements will still be strengthened due to the risks of hacks and loss of access.

@DeCenterOrg