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Saturday, April 1, 2023

The volume of CFA issuance in Russia reached 2 billion rubles


The market for digital financial assets in Russia has reached billions of dollars in less than a year. Experts assessed its dynamics at the round table “Digital financial assets – a new tool for attracting liquidity” at the Civic Chamber of the Russian Federation, writes “360”.

The CFA law came into force in the country in 2021. It allowed the issuance of digital assets, which can be, for example, metals, gems, oil, real estate securities, stocks or bonds corporate finance.

“In summary, this market is less than a year old and the volume of issues now, I think, will total around 2 billion. This stems from the release decisions at each of the sites that have already received a license,” said Ekaterina Frolovicheva, CEO of Atomize.

According to Maxim Trofimov, CEO of Digital Assets, the passage of the CFA law in the near future will allow Russians to invest in digital assets as well as other instruments such as stocks and bonds. At the same time, you can avoid a number of risks and bypass financial market intermediaries.

The meeting participants also discussed issues that need to be improved. Among them, experts called the adjustment of taxation and accounting for digital rights. In addition, experts believe it is necessary to create regulatory conditions for the tokenization of assets not listed in the CFA law.

Copyright © 2023 The Eastern Herald.

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