Moscow Exchange Drafts Bill for Digital Financial Asset Trading

Moscow Exchange Advances Digital Financial Asset Trading Legislation

The Moscow Exchange (MOEX) is developing a bill to regulate trading in digital financial assets (DFAs) and securities tied to them. This initiative, reported in Russian media, aims to create a legal framework for the emerging digital asset market.

Key Provisions of the Proposed Bill

The draft bill, prepared on behalf of the Russian Central Bank, outlines provisions for trading DFAs and DFA certificates. These certificates would function similarly to traditional securities, offering investors a familiar framework for engaging with digital assets.

Regulatory and Operational Framework

Sergei Shvetsov, chair of MOEX's supervisory board, emphasized that the exchange and its subsidiaries plan to apply for regulatory approval to operate DFA trading platforms. This move aligns with broader efforts to integrate digital assets into Russia's financial system.

Implications for the Financial Market

The proposed legislation reflects Russia's growing interest in digital financial innovation. By establishing a regulated environment for DFA trading, the Moscow Exchange aims to enhance market transparency and attract institutional investors to the digital asset space.

This development underscores the potential for digital financial assets to play a pivotal role in modernizing Russia's financial markets.