According to what was reported, the largest bank in Russia, Serbank, is one of the official market makers for the upcoming organizational encryption platforms after the country’s organizational developments within the scene of digital assets. According to what was reported, the bank expects a “new world” of tools to invest in digital assets.
Serbank becomes an official liquidity provider
On Tuesday, Alexander Zozolia, Director of the World Markets Department in Spembank, He said RBC local news port said that the state -owned bank will become a liquidity provider and market maker of the Russian encryption platforms.
According to experts, RBC interviewed, investors have many open questions related to investor risks with the central bank’s proposal to launch digital asset trading, including liquidity providers for new tools.
Zozuleya highlighted the BOR initiative to give legitimacy to digital asset transactions in an organized framework where qualified investors will be allowed to circulate directly with digital assets.
“The Bank of Russia has taken an important step by announcing the development of an experimental legal system (EPR) for encrypted currency transactions. We expect the emergence of a legal” sand box “representing the organized encrypted currency market where qualified investors will be allowed highly to deal with cryptocurrencies directly.”
As Bitkoni said, Russian Finance Minister Anton Silwanov announced a plan to create an exchange for “highly qualified investors” alongside Port. Siluanov emphasized that this measure “will codify the assets of encryption and take out the encryption operations from the shade.”
During the mid -May speech, Elvira Nabulinina, President of the Bank of Russia, explained that direct digital asset investments will require separate organizational and infrastructure changes. Therefore, the initiative should be implemented within the framework of a experimental legal system and it is only available to the qualified investors.
It is expected that the situation of qualified investors will apply to entities or individuals who have investments in securities and deposits that exceed 100 million rubles or with an annual income exceeding 50 million rubles.
According to what was reported, qualified investors were expected to become involved in ELR, while the Russian financial organizer will announce additional requirements for financial institutions ready to invest in encryption.
However, Nabiullina revealed that the criteria for appointing investors in the new category are currently being discussed and that Bor expects the decision coordinating with the government and work within the ELR framework.
Russia is preparing for encryption products
In the interview, the global market manager at Serbank also identified that products that are not available directly for digital assets for qualified investors, such as the funds traded by Western Exchange (ETFS).
According to Zozulea, the largest bank in Russia plans to launch encryption products, which can be organized products, ETF -like products, or joint investment funds, to provide bitcoin (BTC) or ETHEREUM (ETH) or a list of digital assets without owning them directly.
He stressed that Serbank, along with Bor, “moves in this direction very quickly.” However, he indicated that the launch will require the completion of regulatory changes, including amendments to civil law, tax law, and central bank rules.
“A specific list of necessary changes has already been determined. We have already ready the ready -made infrastructure; what remains is to add new tools. Once this is allowed, there will be a” new world “of tools to invest in the encrypted currency without having it.
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