TechRussian banks’ own crypto exposure would face a 1% capital cap under draft proposal
CryptoSlate reports that the draft covers direct holdings and other crypto-linked exposure, but would exclude some client custody where the bank does not bear the loss.
TLDR
CryptoSlate reports that Russia has proposed limiting banks’ own crypto exposure to 1% of capital. The draft would cover direct holdings and other crypto-linked exposure. Some client custody would stay outside the cap if the bank does not bear the loss, though those customer positions would still face separate capital treatment.
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Russian banks’ own crypto exposure would face a 1% capital cap under draft proposal
CryptoSlate reports that the draft covers direct holdings and other crypto-linked exposure, but would exclude some client custody where the bank does not bear the loss.
TLDR
CryptoSlate reports that Russia has proposed limiting banks’ own crypto exposure to 1% of capital. The draft would cover direct holdings and other crypto-linked exposure. Some client custody would stay outside the cap if the bank does not bear the loss, though those customer positions would still face separate capital treatment.