Sberbank considers the possibility of issuing ruble staple

Sberbank, the largest bank in Russia, has allowed the possibility of issuing a digital token that will becomesettlement tool for other digital financial assets (DFA). Sergei Popov, Director of the Transaction Business Division of Sberbank, spoke about this.

the law that was adopted, a token that we can peg to the ruble, such a corresponding stablecoin, which can become the basis, an instrument for settlements for some other digital financial assets, "he said during an online discussion" Digital financial assets in practice. "

The bank said that the decision on the issue will be made in the near future.

“The law on CFA will enter into force on January 1, 2021, andSberbank undoubtedly analyzes changes in legislation and takes into account the wishes of its customers and partners. On the basis of these studies, we will make an appropriate decision in the near future, ”Sberbank said.

Digital Transactions Regulation Actfinancial assets was signed by Vladimir Putin last week. According to the document, from January 1, 2021, cryptocurrencies as a means of payment will be prohibited in Russia. However, the document allows transactions with DFAs. This means that banks will need to somehow build an infrastructure to carry out such activities.

Under the CFA (these will include tokens andstablecoins), the new law understands digital rights, the release, accounting and circulation of which are possible only by making entries in an information system based on a distributed ledger. They can be an object of pledge, purchase and sale transactions, exchange of one type of digital asset for another. At the same time, according to the law, CFAs are not and are not recognized as a means of payment. Russian banks and stock exchanges will be able to become operators of the CFA exchange after their inclusion in the special register of the Central Bank of Russia. Also, the Central Bank will determine which digital assets can be made available exclusively to qualified investors.

Digital currency (bitcoin also belongs to it) inthe law names a set of electronic data (digital code or designation) contained in the information system. They can be accepted as a means of payment that is not a currency of the Russian Federation or a foreign state, as well as an investment. The use of such currencies to pay for goods and services on the territory of the Russian Federation will be prohibited.

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