Bank of Russia puts first company on register of digital financial asset exchange operators

Organisations are authorised to carry out this activity only if they are included in this register. Before the registration, the Bank of Russia coordinates the rules for exchanging digital financial assets (DFAs) and checks whether a company is technically capable of conducting transactions provided for by these rules.

Exchange operators supporting transactions with DFAs by receiving and comparing buy and sell orders are able to communicate with several operators of information systems where digital rights are issued. As a result, the financial product becomes more attractive for investors and its liquidity increases.

The registration of the first DFA exchange operator is an important step in the advancement of the market for this type of financial instruments.