The head of the State Duma Committee on the Financial Market, Anatoly Aksakov, proposed amending the law “Ondigital financial assets." He stated this at the FinNext 2021 forum, writes Regnum.
Aksakov believes that it is necessary to clarify the concept of digital currencies prescribed in the law in connection with the possible issue of a digital ruble by the Bank of Russia:
"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."- he emphasized.
The official also noted that the development by banks of infrastructure for working with digital currencies will accelerate the development of the latter.
Anatoly Popov, Deputy Chairman of the Board of Sberbank, named letters of credit, targeted loans, banking support, and government contracts among the main areas of application of digital financial assets of banks.
"With working mechanisms of tokenization, spending on salaries for employees would be done using smart contracts, today control is done manually."- he added.
Previously, Aksakov said that if a digital ruble is issued, this concept will need to be introduced into legislation as a new form of money.
After the entry into force of the law on the legalization of the cryptosphere, the Bank of Russia announced testing of its own token pegged to the ruble.
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