The institution has asked the government to allow digital financial assets to be issued on open networks like Ethereum, opening national businesses to international investments. Central Bank of Russia governor Elvira Nabiullina also stated that these regulations would help conduct cross-border settlements.
Russia Sets Up Digital Assets As Vehicles For International InvestmentThe Central Bank of Russia is proposing a set of rules that would allow companies to issue digital financial assets on public networks, such as Ethereum.
According to local sources, the Central Bank of Russia Governor, Elvira Nabiullina, stated that these new rules would be important to attracting international investment and conducting international settlements.
While the digital financial assets law was passed in 2020, the market for this kind of offering is still small compared to the size of the traditional bond market, reaching only 2% of the corporate volumes, according to State Duma member of the expert council on the development of the digital economy, Valery Tumin.
Tumin pointed out that banks are actively developing these alternatives, as their issuance takes days and does not require registration, while traditional bond issuances take weeks or months to prepare.
FAQ What new regulations is the Central Bank of Russia proposing?The Central Bank plans to allow companies to issue digital financial assets on public networks like Ethereum to attract international investment. How will these new rules affect investment opportunities in Russia?They aim to democratize investment access, enabling broader participation and potential listing on international exchanges and decentralized finance platforms. What is the current state of the digital financial assets market in Russia?The market is small, accounting for only 2% of corporate volumes, despite the digital financial assets law being passed in 2020. What are the potential growth projections for this sector?Experts predict that by 2030, the sector could grow to 13 trillion rubles (approximately $160 billion), representing a significant increase in investment.
