Bank of Russia plans 1% capital cap for banks' own crypto exposure and 50% risk weight on client holdings

Bank of Russia banking-regulation chief Alexander Danilov said the coming crypto prudential rule will cap banks' own crypto exposure at 1% of banking-group capital, with the exposure fully deducted from capital for adequacy calculations. Client crypto positions will not count toward the 1% limit, but the central bank plans a 50% risk weight on the full client position to cover custody, hack, and infosec risks. The rule basically mirrors Basel's 1%/1250% crypto treatment while adding Russia's extra concern around asset-blocking risk.

TLDR by @Benthic

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