Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...
The Russian Central Bank has announced that it will start monitoring the blockchain technology-powered “digital assets markets” in real time.
According to Vedemosti, the bank wants to focus its attention on digital financial assets (DFA) offerings.
The bank thinks this move will “reduce the regulatory burden” on platform operators and “increase investor confidence.”
Russian banks and other firms have thrown their weight behind the DFA sector in recent months, launching a wide range of blockchain-powered offerings.
Many of these are tied to real estate prices. But others are tied to other real-world assets, including precious metals.
The bank has asked information system operators at DFA platforms to “provide the bank with online access to information.”
The Central Bank will thus begin monitoring data related to transactions, token issuers, and DFA buyers.
Atomyze, the brainchild of the DFAs pioneer and metal mining giant Norilsk Nickel (Nornickel), says it has created a “tool” that lets the bank monitor its trading platform.
Spokespeople told the newspaper that other notable players are also planning to use the same tool or develop their own.
This group reportedly includes SPB Exchange, CFA Hub, Tokeon, Masterchain, and Lighthouse.
Vedomosti quoted a Central Bank spokesperson as saying that platform providers are “interested in developing” ways to “interact” with the bank.
The bank has full control over the sector and is the only body in Russia that can issue DFA issuance permits.
Kristina Aleshina, Deputy Director of the Russian
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