• About Us
  • Contact us
  • Editorial Policy
  • Terms & Conditions
  • Privacy Policy
Thursday, March 30, 2023
SUBSCRIBE
London Daily Post
  • Home
  • UK
  • World
  • Business
  • Politics
  • Finance
  • Tech
  • Entertainment
  • Lifestyle
  • Sports
No Result
View All Result
  • Home
  • UK
  • World
  • Business
  • Politics
  • Finance
  • Tech
  • Entertainment
  • Lifestyle
  • Sports
No Result
View All Result
London Daily Post
No Result
View All Result
ADVERTISEMENT

Moscow Exchange Prepares to List Digital Financial Assets by Year End – Exchanges Bitcoin News

Editorial Board by Editorial Board
August 21, 2022
in Finance News
Reading Time: 4 mins read
0


The Moscow Stock Exchange is preparing to list digital financial assets by the end of the year

Russia’s largest stock, bond and derivatives market, the Moscow Stock Exchange, intends to launch a product based on digital financial assets by the end of the year, an executive has revealed. The trading platform is already working with a partner to organize the placement of digital tokens.

The best exchange in Russia to facilitate the trading of financial instruments based on digital assets

The launch of a product based on digital financial assets (DFA) is in the plans for 2022, a high-ranking representative of the Moscow Exchange (MOEX) indicated in a recent interview. The announcement comes after a turbulent period for Russia’s main stock exchange when it had to deal with market volatility, pressure from sanctions and cyber attacks earlier this year.

In addition to “digital rights,” DFAs are currently the main legal term in Russian law that applies to various digital assets, including cryptocurrencies, according to some statements by Russian officials, but mainly those that have a specific issuer.

Now MOEX is working with one of its partners to realize a project to place digital tokens, Director General of Information Technology and Board Member of the Moscow Stock Exchange, Andrey Burilov, told the Tass news agency . He pointed out that this is a real economy company and elaborated:

The main point here is to link the company’s fixed assets with the investment market through digital technologies.

Digitization of basic products creates added value for market participants, Burilov emphasized. MOEX aims to use DFA to offer its clients another investment tool that offers a fundamentally new way to ensure information security.

Burilov also noted that the main difficulty in terms of implementation is that this is a completely new product for the market, from regulation to software. Another challenge is its integration into the existing systems of the stock exchange and its customers, he pointed out.

In early July, the head of the lower house of parliament’s Financial Market Committee stated that a Russian digital asset exchange would be in the best position to process crypto transactions in the country. Anatoly Aksakov also suggested that the crypto trading platform could be established on the Moscow Stock Exchange.

Tags in this story

Crypto, Cryptocurrencies, Cryptocurrencies, DFA, Digital Assets, Digital Financial Assets, Digital Rights, Digital Tokens, Exchange, Financial Instrument, Moex, Moscow Stock Exchange, Product, Russia, Russian, Trading Platform

Do you think MOEX will follow through on its plan to start trading digital financial assets by the end of the year? Tell us in the comments section below.

Lubomir Tassev

Lubomir Tassev is a tech-savvy Eastern European journalist who likes Hitchens’ line: “Being a writer is what I am, rather than what I do.” In addition to crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Image credits: Shutterstock, Pixabay, Wiki Commons, Pavel L Photo and video

Exemption from liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More popular news

In case you missed it





Source link

Share this:

  • Twitter
  • Facebook

Related Posts

Finance News

Look ahead at the Legislature: Senate Finance Committee starts budget hearings

January 31, 2023

In the coming days, Texans will learn more about how the state Senate's budget arguments could play out. A series...

Finance News

Vital Farms raised egg prices ‘reluctantly and in small amounts’: CEO

January 28, 2023

Vital Farms ( VITL ) CEO Russell Diez-Canseco says the recent rise in egg prices, nearly 60% year-on-year, is "a...

Finance News

Standard Premium Finance Holdings, Inc. Declares Quarterly Dividend

January 25, 2023

MIAMI, FL / ACCESSWIRE / January 25, 2023 / The Board of Directors of Standard Premium Finance Holdings, Inc. ("Standard")...

Finance News

Finance Minister Poudel insists on promoting legal channels for remittance inflow – myRepublica

January 22, 2023

KATHMANDU, Jan 22: Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel has said that the government is ready for...

Next Post

Foo Fighters guitar could fetch £30,000 at auction

POPULAR

Tech News

Evolutionary organizations reimagine the future

March 29, 2023
Tech News

How ChatGPT will revolutionize the economy

March 25, 2023
Tech News

The battle for satellite internet, and detecting biased AI

March 23, 2023
  • About Us
  • Contact us
  • Editorial Policy
  • Terms & Conditions
  • Privacy Policy

© 2022 London Daily Post. All Rights Reserved.

No Result
View All Result
  • Home
  • UK
  • World
  • Business
  • Politics
  • Finance
  • Tech
  • Entertainment
  • Lifestyle
  • Sports