{"id":13487,"date":"2026-09-20T13:37:47","date_gmt":"2026-09-20T13:37:47","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13487"},"modified":"2026-09-20T13:37:47","modified_gmt":"2026-09-20T13:37:47","slug":"1-crypto-capital-cap-bank-of-russias-proposal","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13487","title":{"rendered":"1% crypto capital cap: Bank of Russia\u2019s proposal"},"content":{"rendered":"

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The Bank of Russia has proposed a 1% crypto capital cap, limiting covered crypto and foreign-digital-instrument risk to a bank\u2019s own funds while leaving some client custody positions outside the new calculation.<\/p>\n

The Sept. 18 proposal would create N31 for individual credit institutions and N32 for banking groups on a consolidated basis. Each ratio compares covered exposure with the relevant institution\u2019s capital, not its total assets. The rules remain in draft form.<\/p>\n

The two-level structure subjects both a bank and its wider group to the same proposed percentage ceiling. N31 uses the individual institution\u2019s own funds, while N32 uses consolidated group capital, keeping the measurement tied to the entity that carries the covered risk.<\/p>\n

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Related Reading<\/span><\/p>\n

Russia\u2019s legal crypto on-ramp to arrive with a state-owned bank holding the keys<\/h3>\n<\/p>\n

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What the 1% crypto capital cap captures<\/h2>\n

The draft regulation reaches beyond coins held outright. Its numerator includes direct and indirect investments, derivatives tied to crypto prices, and instruments such as loans, bonds, guarantees, repos and credit lines when their settlement or value depends on crypto or foreign digital instruments.<\/p>\n

Banks would receive limited recognition for hedges. Long and short positions may be netted only within the draft\u2019s qualifying lower-risk category, which imposes conditions tied to the asset, settlement and maturity as well as freezing and liquidity risk. Direct holdings and other higher-risk exposures are measured more conservatively and cannot be fully neutralized by an offsetting position.<\/p>\n

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Related Reading<\/span><\/p>\n

Banks get cross-exchange crypto hedge relief under Canada\u2019s new 2027 capital rule<\/h3>\n<\/p>\n

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The treatment of customer assets turns on who bears the loss if assets are seized or transactions are restricted. A custody position enters N31 or N32 when the bank, or a digital depository in its group, is liable for that loss. If the bank does not bear that responsibility, the client position is excluded from the two 1% ratios.<\/p>\n