Russian financial authorities are drafting rules for the tokenization of various properties and goods to attract investments.
Tokenization as an Investment Tool
The Ministry of Finance of the Russian Federation is developing tokenization rules to create digital financial assets. Deputy Finance Minister Ivan Chebeskov stated that the project aims to expand investment opportunities into currently inaccessible assets.
Difficulties in Cryptocurrency Regulation
Despite challenges in adopting cryptocurrencies, Russian authorities show interest in using them for international trade. Legislation allows for an experimental legal regime for such transactions, though the Central Bank of Russia maintains a cautious stance.
New Prospects for Cryptocurrency Usage
Recent initiatives include plans to use the Moscow Exchange's infrastructure to test cryptocurrency trading. Russia's economy could benefit from conducting settlements using stablecoins backed by assets, such as gold.
The Russian government continues to explore digital assets and cryptocurrencies, creating new tools for investment and improving the economic situation amid sanctions.
