Russia will issue DFAs backed by diamonds
Alrosa is also considering the possibility of creating closed-end mutual funds
09.09.2022 - 09:45
338
1 min
0
What’s new? Russian diamond mining company Alrosa is discussing the possibility of issuing digital financial assets (DFAs) backed by diamonds. The company’s head of strategy Dmitri Amelkin told TASS that the plans of the firm also include the creation of closed-end mutual funds on precious stones. According to Amelkin, currently, Alrosa is discussing these issues with Russian regulators. According to Amelkin, the projects are at the initial stage, their implementation will begin within 6-9 months.
Situation with DFAs in Russia. In August, Prime Minister Mikhail Mishustin announced the need to implement DFAs, as they can guarantee uninterrupted payment for exports and imports.
At the moment, 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.
Later, Atomyze CEO Ekaterina Frolovicheva said that DFAs, unlike cryptocurrencies, have real financial security.
Useful material?
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024
Mining
Blockware noted increased investor interest in this type of asset due to inflation concerns
Oct 29, 2024