Russia will develop strategy for the development of DFAs by the end of the year
Also, this year, the Central Bank and the Ministry of Finance must agree on a draft law to regulate mining
13.09.2022 - 09:30
219
2 min
0
What’s new? Russian Prime Minister Mikhail Mishustin has instructed the Ministry of Finance and the Bank of Russia to develop a strategy for the development of digital financial assets (DFAs) by December 1, 2022. According to Prime, citing a press release from the Cabinet of Ministers, the prime minister believes that DFAs should facilitate smooth payment of imports and exports. Mishustin also reported that regulators must agree on a draft law to regulate mining by December 19.
What else did Mishustin add? The prime minister also called on regulators to develop a plan for the development of the Russian financial market until 2030. Among other things, the Ministry of Finance and the Central Bank will have to develop proposals for the use of the digital ruble in the budget process. According to Mishustin, interested federal authorities will participate in the development of the projects.
Situation with DFAs in Russia. In August, Prime Minister Mikhail Mishustin announced the need to implement DFAs. Sberbank, Atomyze, and Lighthouse are the registered operators for issuing DFAs in Russia. Moscow Exchange also announced the release of a DFA-based product by the end of the year. Diamond mining company Alrosa is also discussing the possibility of issuing DFAs backed by diamonds.
Anatoly Aksakov, head of the State Duma Committee on the Financial Market, believes that in 2024 will be a boom in the issuance of digital financial assets, and Russia’s financial system will start operating on the distributed ledger.
Useful material?
Market
Users who have experienced withdrawal problems in the last two days will be eligible to participate
Mar 28, 2024
Market
Last July, a criminal investigation into the exchange was opened by the US authorities
Mar 27, 2024
Market
The unrealized profit from the deal was $8,9 million
Mar 26, 2024
Incidents
The phasing out began on March 25
Mar 25, 2024
Crypto regulations
The new measures must go through additional stages of approval
Mar 25, 2024
Incidents
The popularity of this kind of project launch format has already led to blockchain overload
Mar 20, 2024