Moscow Exchange Drafts Bill to Enable Digital Financial Asset Trading
Moscow Exchange Advances Digital Asset Trading Legislation
The Moscow Exchange (MOEX) is developing a bill to facilitate the trading of digital financial assets (DFAs) and securities tied to them. This initiative, undertaken on behalf of the Russian Central Bank, addresses the bank's inability to introduce legislation directly.
Key Features of the Proposed Bill
The bill outlines provisions for trading both DFAs and DFA certificates, which would function similarly to traditional securities. This move aims to integrate digital assets into the mainstream financial market, offering investors new opportunities.
Regulatory Steps and Operator Status
MOEX and its subsidiaries plan to apply for regulatory approval to become licensed operators for DFA trading. This step is crucial for ensuring compliance with financial regulations and maintaining market integrity.
This development highlights MOEX's efforts to innovate and expand its offerings in the evolving digital asset landscape, positioning itself as a pioneer in this space.
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