According to the official, now a number of companies involved in gold mining are considering several tokenization projects together with the department for compliance with the legislation.
“First of all, the question of this, and then, of course, is how these tools will be used in the framework of foreign economic activity. This is already a private issue, because by law the possibility was created for this last year, ”Yakovlev said.
He emphasized that the issue of the tokenization of the gold and foreign exchange reserves of the state is not considered, and this is exclusively about the tokenization of gold extracted by private Russian companies.
Earlier, the board of directors of the gold mining company Seligdar approved the production of 1.1 million digital financial assets (CFA) totaling up to 1 billion rubles. The issue was carried out through the Alfa Bank platform and ended on September 2.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
