By decision of the Central Bank of Russia, Tinkoff Bank was included in the register of information system operators that issue digital financial assets (DFAs).

This decision was made after Russia approved a law on the use of digital financial assets and utilitarian digital rights in foreign payments.

In addition to Tinkoff, Alfa Bank, St. Petersburg Exchange, Blockchain Hub, National Settlement Depository, Sberbank and other organizations have the right to issue digital financial instruments.

In the cryptocurrency community, the possibility of international payments in digital financial assets was met with great caution, as concerns arose about increased control over transactions in stablecoins by the state.

Earlier, the Bank of Russia presented new recommendations for financial organizations, calling for reducing work with digital assets to a minimum and abandoning advertising of cryptocurrency services.

The regulator’s document states that “transactions with digital currencies and related instruments involve risks for the welfare of citizens, as well as involvement in illegal activities.”