Yesterday the Central Bank of Russia (CBR) published a consultation document on regulated digital financial assets (not crypto) in which it considers the issuance of government bonds and sub-federal loans.
In 2020 Russia passed legislation for regulated Digital Financial Assets (DFA) that covers the issuance of tokens for stocks, commodities, commercial paper, and more. So far, just three platform operators have launched, Atomyze, which was founded by metals company Norlisk, Sber Bank and Lighthouse (a startup).
While the government has tweaked some of the legislation this year, the central bank is planning several additional changes and is consulting with market participants. Some of the most interesting high priority suggestions relate to smart contracts and DeFi.
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