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Nalezeno "financial assets": 89

Russia’s Nornickel Using ‘Digital Assets’ to Pay Employee Dividends


Source: Alex J/Adobe The Russian metal mining giant Nornickel (Nornickel Norilsk) says it will start paying its employees dividends with “digital financial assets.” The firm’s board of directors has approved a program that will see employees receive around $10.40 per share. And, according to...

California Enacts Digital Financial Assets Law


On October 13, 2023, California enacted the Digital Financial Assets law. This law is California’s first comprehensive framework for regulation of digital asset markets, and some of its provisions may sound familiar to those versed in the state’s money transmitter licensing requirements. Under this...

South Koreans Report Over $98 Billion in Overseas Crypto Assets


South Korean tax payers have declared some 131 trillion won (more than $98 billion) of crypto holdings in overseas accounts this year. The amount was announced by the country’s tax agency and it comes after the authorities in Seoul imposed a mandatory reporting requirement for financial assets held...

LSE Group begins exploring blockchain for traditional financial assets


The LSE Group, which stands for London Stock Exchange Group, has said that it is venturing out to explore the possible use cases of blockchain technology for traditional financial assets. Blockchain technology is known to support crypto assets like BTC and ETH. However, the Group is in talks...

Russia to Trial Digital Asset Settlements in Foreign Trade


Bank of Russia plans to pilot cross-border payments using digital assets and central bank digital currencies, according to a deputy governor. The top executive believes these alternative instruments could increase efficiency in foreign trade while such settlements will not be permitted inside...

Digital Assets for 1 Billion Rubles Issued in Russia in a Month


Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s...

Digital Assets Worth 2 Billion Rubles Issued in Russia in Less Than a Year


Digital financial assets (DFAs) for a total exceeding $26 million have been issued in Russia in the past year. This new market has been developing since it was regulated in 2021 and the country’s monetary authority started licensing issuers in the following year. Volume of Digital Assets Increases...

Bank of Russia Registers Another Digital Asset Issuer


The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in the country that can legally tokenize traditional assets and organize their trade. Number...

Digital Gold Traded for Digital Rubles by Russia’s Rosbank


Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets and the need for digital ruble payments, the banking...

Russia’s Largest Private Bank Launches Digital Asset Platform


Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s monetary authority added Alfa-Bank to its register of digital asset issuers this week. Privately-Owned Alfa-Bank Sets Up Digital Asset...

Gold-Based Digital Assets Issued in Russia


A blockchain platform built by Russia’s largest banking institution, Sber, has been used to issue digital assets based on gold. The value of the tokenized precious metal will depend on the prices of physical gold, the bank said, emphasizing that the operation is a first. Russia’s Sber Bank Mints...

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