Central Bank of Russia authorizes Sberbank to issue digital financial assets.
The move comes amid tightening Western sanctions over the war in Ukraine, including limiting Moscow’s access to the global financial market.added
The majority state-owned banking and financial services company detailed that other legal entities will be able to issue their own digital assets certifying monetary claims to attract investments. Businesses will also acquire DFAs issued on Sberbank’s platform and make other transactions with them under applicable regulations.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Central Bank of Russia issues digital asset license to Sberbank in apparent policy reversalThe Central Bank of Russia changed its mind. While two weeks ago they asked for prohibiting crypto, Sberbank was recently granted a license for operating.
Read more »
Sberbank Gets License From Russian Central Bank to Issue, Exchange Digital AssetsThe approval comes a short while after the Bank of Russia had advocated for a full ban on the trading and mining of cryptocurrency.
Read more »
Russia Central Bank Warns of ‘Large-Scale Structural Transformation' for Economy, Holds Rates at 20%The Central Bank of Russia on Friday held its monetary policy steady and maintained its key interest rate at 20%.
Read more »
Russia-Ukraine live updates: Russia batters devastated cities with bombs as fierce resistance stalls ground invasionIn the absence of major advances, Russia — which has launched more than 1,000 missiles so far — is increasingly relying on “dumb' bombs to wear cities and civilians down.
Read more »
Russia-Ukraine live updates: Russia threatens countries arming UkraineBREAKING OVERNIGHT: Russia's Foreign Minister Sergei Lavrov says that any foreign supplies to Ukraine containing military equipment will be considered 'legitimate targets' for Russian strikes.
Read more »
RBI Crypto: Indian Government Says Central Bank Has No Plan to Issue Cryptocurrency – Regulation Bitcoin NewsThe Indian government has told parliament that it does not have a plan to issue cryptocurrency to be regulated by the central bank, the RBI.
Read more »