2 years ago
Bank of Russia announced connected Thursday that Atomyze has go the archetypal institution successful the state to beryllium enactment connected the cardinal bank's database of approved integer assets operators.
Atomyze, a steadfast which sells tokenized metallic from mining and smelting elephantine Nornickel's inventory, volition beryllium capable to legally contented tokens, supply wallets to users successful Russia. The institution uses blockchain exertion based connected Hyperledger Fabric.
Atomyze and Nornickel person a communal shareholder, Interros Group. Interros Group is owned by Vladimir Potanin, 1 of Russia's richest men. Potanin is simply a large advocator for integer assets, according to a CoinDesk interview successful 2019.
In 2020, Russia adopted a law which allows licensed companies to contented integer assets. Firms request to beryllium registered with the Bank of Russia, fulfill definite criteria and study to the regulator.
Atomyze applied for the licence past January, on with a fistful of different firms, including the largest retail slope Sberbank, which was readying to contented its ain stablecoin.
It took the regulator a twelvemonth to o.k. the application, caput of integer system and innovation astatine Interros Group, Denis Klimentov told CoinDesk.
Atomyze is simply a spouse of the Global Palladium Fund, a subsidiary of Nornickel. Similar entities, which volition beryllium moving connected overseas markets, are present successful the process of licensing successful Switzerland and the U.S., Klimentov said.
In January, Bank of Russia called for a ban connected trading and mining cryptocurrencies. In an analytical report, the regulator said the advantages of crypto tin beryllium replicated successful a regulated situation by its ain aboriginal cardinal slope integer currency and whitelisted integer assets nether the Bank of Russia's control.
DISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Anna Baydakova is simply a crypto newsman with a peculiar absorption connected Eastern Europe and Russia. Anna owns a fraction of BTC.
Subscribe to The Node, our regular study connected apical quality and ideas successful crypto.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 