The first digital financial assets based on Russian
blockchains may be issued as early as this year, a high-ranking
parliamentarian announced. Three platforms are already registered as
issuers, said Anatoly Aksakov, who chairs the Financial Market Committee
at the State Duma, the lower house of Russian parliament.
Russian Digital Financial Assets Likely to Appear by Year’s End
Authorized Russian blockchain platforms may issue their first digital
financial assets (DFAs) by the end of 2022, according to the head of
the parliamentary committee overseeing Russia’s financial sector,
Anatoly Aksakov.
Speaking during the Moscow Academic Economic Forum, Aksakov noted
that Russia is now actively working in this field after adopting the law
“On Digital Financial Assets,” which went into force in January 2021.
DFA is the legal term that encompasses cryptocurrencies in the current
Russian legislation.
The Russian deputy revealed that three platforms — developed by a
subsidiary of Norilsk Nickel, Transmashholding, and Russia’s largest
bank, Sberbank
— are already registered as DFA issuers. Another two will be approved
in the near future. Aksakov was quoted by Russian media as stating:
We expect that, maybe even this year, the first digital
financial assets will be issued, and they will gradually become the
basis for financial settlements on the blockchain.
The lawmaker believes that these DFAs will be used for financial
settlements and as units of account in economic relations with partners
and subsidiaries. “This is, to a certain extent, an alternative to those
financial settlements that today exist on the basis of the dollar or
the euro or other currencies,” he elaborated.
Anatoly Aksakov emphasized that the Russian government supports the
legalization of the digital assets market through strict regulation and
has prepared a new bill to achieve that. He was referring to the law “On
Digital Currency” drafted by the Ministry of Finance, which is yet to
be submitted to the State Duma.
Russia has been stepping up efforts to adopt rules for its digital
assets space and this bill should expand the legal framework for the
sector, which was only partially regulated with the law “On Digital
Financial Assets.” While the finance ministry favors regulating
cryptocurrencies along with other digital assets, the Central Bank of
Russia remains opposed to their legalization in the country.
source link : https://news.bitcoin.com/russias-first-digital-financial-assets-expected-this-year-lawmaker-says/
