The first digital financial assets (DFA) of Russian blockchain platforms may appear before the end of the year, said the head of the State Duma Committee on Financial Market Anatoly Aksakov.
Now we are actively working on digital financial assets. We have adopted the law on CFA. Three platforms for issuing digital assets have already been registered, they are Norilsk Nickel through its company, Transmashholding has registered a platform and Sberbank. Two more platforms are on the way.
We expect that maybe even this year the first digital financial assets will be issued and they will become the basis gradually for financial mutual settlements in blockchain, not only for financial mutual settlements but also for the whole picture of relations between companies in this distributed registry, – the deputy said.
According to Mr. Aksakov, CFA may be used for financial mutual settlements as well as for accounting of economic relations with partners and subsidiaries.
I can say that one of the named companies just for this purpose registered platforms, in order to see all their economic relations with their partners, divisions, including abroad, in far abroad.
This is to some extent an alternative to those financial mutual settlements that exist today on the basis of the dollar or euro or other currencies, – he said.
Aksakov also said that the State Duma has “roughly decided” on the regulation of cryptocurrencies.
The government is for regulation, for legalization of this market, quite strict regulation of this market, and has prepared a bill. It has not yet been submitted to the Duma, we expect it in the near future,” – said the head of the Duma committee and added that the Central Bank believes that “we have to move along the lines of digital financial assets, and cryptocurrencies – it is not good.