• November 30, 2023


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Central Bank of Russia Allows Country’s Largest Bank to Issue Digital Financial Assets

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The Russian Central Bank included yesterday the platforms of Sberbank and Lighthouse in the register of information system operators.

Obtaining this status gives companies the right to issue and trade digital financial assets (DFA) within the platforms. Sberbank, the largest bank in Russia, has said:

“In a month, legal entities will be able to perform the first operations on our blockchain platform. While we are at the beginning of the path of working with digital assets, realizing that for further development it is necessary to adapt the existing regulatory framework.”

The bank filed in January last year an application with the Central Bank of Russia for the registration of a blockchain platform with the further release of Sbercoin, a coin pegged to the ruble.