The Central Bank of Russia Allowed Two Institutions to Issue Digital Assets
On March 17, the Russian Central Bank included the Sberbank and Lighthouse platforms in the register of information system operators, which now have the right to issue and circulate digital financial assets (DFA) within their platforms.
“In a month, legal entities will be able to perform the first operations on our blockchain platform. While we are at the beginning of the path of working with digital assets, realizing that for further development it is necessary to adapt the existing regulatory framework,” said Sberbank.
Earlier, analysts at The New York Times expressed concern that Russia could use cryptocurrencies to circumvent the sanctions imposed on it.
However, the US Treasury Department said it would monitor compliance with the regime of sanctions imposed against the Russian Federation due to its invasion of Ukraine, including the issue of their potential circumvention with the help of cryptocurrencies.
The BTC-Alpha team together with trusted volunteer communities created a charity fund ‘Alpha for Ukraine’. You can make a donation to help everyone in Ukraine who needs medicines, humanitarian aid and to support the defence of the country.