- Russia’s Central Bank grants a license to issue and exchange digital assets to Sberbank PJSC.
- Sberbank is included in the list of information system operators issuing digital financial assets (DFAs).
- This development comes after Sberbank abandoned its European business after backlash resulting from Russia’s attack on Ukraine.
On March 17, Russia’s Central Bank granted Sberbank PJSC a license to issue and exchange digital assets. In detail, the Central Bank added Sberbank to the list of information system operators issuing digital financial assets (DFAs).
Sberbank’s digital assets platform will record and circulate any DFAs issued via an information system based on distributed ledger technology (DLT). As a result, Sberbank ensures data security and makes data immutable.
Accordingly, companies will be able to avail the opportunities of Sberbank’s digital assets platform. These include:
- Issuing their own DFAs proving the cash requirements. This will enable companies to attract market investments
- Acquiring DFAs issue through the Sb ...