Last April a draft Russian law surfaced to legalize the use of digital assets, specifically tokenized assets, for cross border payments. Now a State Duma Committee has approved a draft law. The entire State Duma, the lower legislative house, will consider the Bill tomorrow, February 27.
Russia has a legal framework for tokenized financial assets, which it refers to as digital financial assets (DFA). These regulated assets include tokenized commodities, trade finance and other structured products.
Legislation for DFAs was introduced before the Ukrainian War. Hence, at the time, DFAs were explicitly not allowed to be used for payments. This prevented people from using assets such as tokenized gold for settlement.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
