12:22, 29 April 2022 Page views 1044 views

Russia’s Central Bank proposes allowing traditional stock exchanges to trade in digital financial assets

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The Bank of Russia held a closed meeting with major brokers, the Moscow Exchange, SPB Exchange and information system operators authorized to issue digital financial assets (DFA), Kommersant reports with reference to the participants of the meeting.

According to the publication, the participants discussed the concept of organized trading in DFA and utility digital rights (UDR), prepared by the regulator. The key point of the concept was the proposed actual admission of stock exchanges and central counterparties (CC, who are, in fact, guarantors of transactions) to this market.

To date, the regulator maintains two registers: operators of information systems and operators of exchange between the systems, Kommersant notes. The first register allows those included therein to issue DFA, and the second – to exchange these assets between systems. Currently, Atomyze (one of the investors is Interros), OOO Lighthouse (a partner of Transmashholding) and Sberbank have information system operator licenses.