FameEX Hot Topics | Bank of Russia Registers Additional Issuer of Digital Assets

The Central Bank of Russia (CBR) has added Distributed Registry Systems, a company known for its Masterchain platform, to the register of operators of information systems that can issue digital financial assets (DFAs), according to a report by the business news portal RBC.

The inclusion of Distributed Registry Systems in the register is seen as a significant development in Russia's growing digital asset industry. The Masterchain platform is a blockchain-based platform developed by the Russian central bank to facilitate transactions between financial institutions. The platform is designed to reduce transaction time and increase transparency in the financial system.

The registration of Distributed Registry Systems by the CBR will allow the company to issue DFAs on its Masterchain platform. The move is expected to boost the adoption of digital assets in Russia and promote the growth of the country's blockchain industry.

Russia has been working to create a regulatory framework for digital assets, and the registration of Distributed Registry Systems by the CBR is part of this effort. The central bank has been exploring the potential use cases of blockchain technology and digital assets, and has been working to create a legal framework that would allow for the development of these technologies in a safe and regulated manner.

The registration of Distributed Registry Systems by the CBR is a positive step for the digital asset industry in Russia, and is expected to pave the way for more companies to enter the market. With the adoption of digital assets on the rise globally, Russia's regulatory framework for these technologies is likely to play an important role in the development of the country's blockchain industry.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.