The Bank of Russia has published a draft instruction that would require professional financial market participants, including brokers, trust management firms, forex dealers and crypto exchanges, to include crypto-asset holdings in capital calculations used for prudential oversight. Eligible crypto assets could account for no more than 25% of total capital, and the holdings would need to be registered with a crypto custodian so regulators can verify their existence. The central bank said the measure is intended to assess credit and market risk and ensure that intermediaries remain financially resilient when dealing in crypto transactions. The proposal extends Russia's broader push to legalize and regulate crypto assets while keeping limits on their use inside the domestic economy. Russia's State Duma has already approved a wider regulatory framework allowing both qualified and non-qualified investors to trade crypto assets, although non-qualified investors would face an annual purchase cap of 300,000 rubles, about $3,800. Crypto assets would still be banned as a domestic means of payment, while importers and exporters would be allowed to use them without restriction for cross-border settlements.