Bank of Russia Allows Sberbank to Issue Digital Financial Assets – Finance Bitcoin News

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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.

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