{"id":14153,"date":"2024-06-07T10:13:04","date_gmt":"2024-06-07T07:13:04","guid":{"rendered":"https:\/\/forklog.com\/en\/russias-central-bank-to-implement-currency-control-on-digital-financial-assets\/"},"modified":"2024-06-07T10:13:04","modified_gmt":"2024-06-07T07:13:04","slug":"russias-central-bank-to-implement-currency-control-on-digital-financial-assets","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/russias-central-bank-to-implement-currency-control-on-digital-financial-assets\/","title":{"rendered":"Russia&#8217;s Central Bank to Implement Currency Control on Digital Financial Assets"},"content":{"rendered":"<p>The Bank of Russia plans to extend currency control to transactions involving digital financial assets (DFA). This information comes from <a href=\"https:\/\/www.vedomosti.ru\/finance\/articles\/2024\/06\/07\/1042288-tsb-opisal-shemu-valyutnogo-kontrolya-za-transgranichnimi-raschetami-v-tsfa\">Vedomosti<\/a>, citing a draft directive from the regulator.<\/p>\n<p>According to the document, the central bank proposes to require both residents and non-residents to register foreign trade contracts, settled through digital rights, with an authorized bank.<\/p>\n<p>The threshold for providing such information, similar to transactions with traditional currencies, will be set at 3 million rubles for import contracts and 10 million rubles for export contracts.<\/p>\n<p>Back in February, Russia <a href=\"https:\/\/u1f987.com\/en\/news\/russia-legalizes-digital-financial-assets-for-international-transactions-amid-skepticism\">enacted a law<\/a> on international settlements in DFA. Experts expressed doubts about the tool&#8217;s demand and pointed out several issues with DFA, including liquidity concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Russia plans to extend currency control to transactions involving digital financial assets (DFA). This information comes from Vedomosti, citing a draft directive from the regulator. According to the document, the central bank proposes to require both residents and non-residents to register foreign trade contracts, settled through digital rights, with an authorized bank. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[345,36,27,596],"class_list":["post-14153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-russia","tag-regulation","tag-russia","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=14153"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/14152"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=14153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=14153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=14153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}