March 29, 2024

Aksakov proposed to amend the law "On digital financial assets"

The head of the Russian State Duma Committee on the Financial Market, Anatoly Aksakov, proposed amending the law “Ondigital financial assets, ”reports Regnum.

In his opinion, it is necessary to clarify the concept of digital currencies prescribed in the law in connection with the possible issue of a digital ruble. Aksakov clarified:

"After all, the digital currency of the Central Bank is also a digital currency, and you need to make sure that one definition refers to cryptocurrencies, and the other refers to digital currencies backed by fiat money."

Aksakov also noted that the development of infrastructure by banks for working with digital currencies will accelerate their development.

At the same time, Deputy Chairman of the Board of SberbankAnatoly Popov named letters of credit, targeted loans, banking support and government contracts among the main areas of application of digital financial assets of banks. He added:

"With working mechanisms of tokenization, spending on salaries for employees would be done using smart contracts, today control is done manually."

Earlier, Aksakov said that if a digital ruble was issued, it would be necessary to introduce this concept into legislation as a new form of money.

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