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Digital Token Issued In Russia to Facilitate Investments in Palladium – Bitcoin News

Digital Token Issued In Russia to Facilitate Investments in PalladiumTransactions with digital assets backed by precious metals are beginning in Russia with the launch of a token for palladium.
Atomyze and Rosbank Issue Digital Token for PalladiumThe Russian unit of Atomyze, a platform that specializes in the tokenization of commodities, and Rosbank, are starting transactions with digital financial assets (DFAs) based on precious metals.
Atomyze Russia is registered with the Central Bank of Russia as an operator of a DFA platform and authorized to offer blockchain-based financial instruments.
Digital financial assets is the only legal term that can currently apply to cryptocurrencies in Russia, until a dedicated law “On Digital Currency” is adopted, possibly this fall.
Unlike decentralized coins however, DFA refers mostly to digital assets that have entities responsible for their issuance and circulation that guarantee the rights provided by the asset.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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