Anatoly Aksakov: “The first CFAs can be released in Russia by the end of the year”

Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, suggested that the first digital financial assets could be issued in Russia by the end of this year.

About this Aksakov declared during his speech at the Moscow Academic Economic Forum. He noted that after the entry into force of the law “On Digital Financial Assets (DFA) and Digital Currency” on January 1, 2021, three platforms for issuing DFA have already been registered in the country.

We are talking about the Atomyze platform from Norilsk Nickel, based on the Hyperledger blockchain. In February of this year, Atomyze was the first in Russia to receive permission from the Central Bank to issue and store tokens. In March, the Bank of Russia included the Sberbank platform in the list of CFA operators. The TMH platform (Transmashholding) has also been registered. Aksakov said that two more sites are planning to receive the status of CFA operator.

The government is actively working to create a regulatory framework for regulating cryptocurrencies in the country, meeting some resistance from the Central Bank of the Russian Federation, which does not support the use of private digital currencies. The Ministry of Internal Affairs of the Russian Federation (MVD), the Federal Tax Service of the Russian Federation (FTS) and the Federal Security Service of the Russian Federation (FSB) contribute to the work on the draft law on the regulation of cryptocurrencies in Russia.

Aksakov expects that in the near future the departments will come to a common opinion on this issue, and by the end of the year the first DFAs will be launched on registered platforms. They can lay the foundation for making payments using the blockchain, becoming an alternative to settlements based on the US dollar, euro and other fiat currencies, Aksakov said.

The MP noted that the government is in favor of legalizing mining and cryptocurrencies, which implies strict supervision of these industries. So, this month, the Federal Antimonopoly Service (FAS) proposed setting limits for miners on electricity consumption in order to prevent overloading the power grids.

Source: Bits

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