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ARTICLE · 03 SEPTEMBER 2020

A New Russian Digital-Assets Law

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On July 31, 2020, Russian Federation President Vladimir Putin signed the Law on Digital Financial Assets and Digital Currency. It comes into force in January 2021.

RussiaTechnology
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On July 31, 2020, Russian Federation President Vladimir Putin signed the Law on Digital Financial Assets and Digital Currency. It comes into force in January 2021.

According to the new law, digital financial assets (DFA) are digital rights that can be viewed as analogues of emission securities, but placed through a blockchain. DFA include monetary claims, the ability to exercise rights to emission securities (including the rights to demand the transfer of the securities), and the right to participate in the capital of non-public stock companies.

The list of operations with DFA is not exhaustive. In particular, DFA can be sold, purchased, pledged, inherited, or exchanged for other digital rights. All transactions with DFA should be conducted through and recorded by specialized "operators" (primarily banks or other credit organizations or exchanges). Operators should be Russian entities included in the register maintained by the regulator - the Central Bank of

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