Russian Laws Advance Framework for the Use and Regulation of Digital Financial Assets and Currency | Dechert LLP
Monetary claims; securities”); non-public JSC”); or A right to demand a transfer of securities specified in a decision on the issuance of DFAs, provided that actions on issuance, accounting and circulation of all listed rights are performed in electronic form in an information system maintained by an operator of the information system (the “ Information System Operator”). An example of DFAs may be stablecoins issued by a certain person (issuer) which meet the above requirements. DFAs are the second type of digital rights recognized by Russian law. A year ago, on January 1, 2020, a so-...