Russia sets $2.8M capital requirement for digital asset platforms before crypto rollout

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Russia's central bank has released draft regulations requiring digital asset platforms to maintain up to $2.8 million in liquid capital reserves. The rules are part of a broader regulatory framework for cryptocurrencies that is expected to be implemented this fall. The proposed requirements aim to ensure financial stability and accountability among digital asset operators in the country. This move signals Russia's push to formalize and tighten oversight of its growing crypto sector ahead of the sweeping framework's launch.

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