{"id":26895,"date":"2020-08-05T15:03:18","date_gmt":"2020-08-05T12:03:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26895"},"modified":"2025-08-26T17:21:56","modified_gmt":"2025-08-26T14:21:56","slug":"opinion-the-imperfect-dfa-law-is-better-than-no-regulation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/opinion-the-imperfect-dfa-law-is-better-than-no-regulation\/","title":{"rendered":"Opinion: The imperfect DFA law is better than no regulation"},"content":{"rendered":"<p><span style=\\\"font-weight: 400;\\\">The Law on Digital Financial Assets (&#8216;DFA Law&#8217;) is imperfect, but the very appearance of regulation in the field of digital assets is progress. This conclusion was reached by participants in the online discussion &#8216;DFAs in Practice&#8217;, <\/span><a href=\"https:\/\/u1f987.com\/en\/news\/business-representatives-to-discuss-the-implications-of-the-digital-financial-assets-law\"><span style=\\\"font-weight: 400;\\\">organized<\/span><\/a><span style=\\\"font-weight: 400;\\\"> by Waves Enterprise.<\/span><!--more--><\/p>\n<p><span style=\\\"font-weight: 400;\\\">According to Sergey Popov, director of the &#8216;Transactional Business&#8217; division at Sberbank, the law creates a legal field for the emergence of a number of financial instruments that were previously impossible.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">The DFA Law also promotes the digitization of the ruble and the creation of more flexible and <\/span><span style=\\\"font-weight: 400;\\\">user-friendly payment systems,<\/span><span style=\\\"font-weight: 400;\\\"> says Dmitry Bulychkov, director of portfolio management for the management of piloting new technologies at VTB.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Some participants in the discussion were more critical. <\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Dmitry Zakharov, head of technology development at the National Settlement Depository, stressed that the law is only a hint towards regulation of blockchain.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Sergey Prilutsky, director of research at MixBytes, stated that the law largely leans on traditional mechanisms for regulating financial assets, which are not always applicable in the DFA sphere.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Nevertheless, business representatives from various sectors will take advantage of the opportunities created by the law, said Artem Tolkachov, founder and CEO of Tokenomica.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Some have already considered this \u2014 at Sberbank <a href=\"https:\/\/u1f987.com\/en\/news\/sberbank-considers-issuing-a-ruble-backed-stablecoin\">allowed<\/a> the possibility of issuing a ruble-backed stablecoin.<\/span><\/p>\n<p>President Vladimir Putin <a href=\"https:\/\/u1f987.com\/en\/news\/putin-signs-law-on-digital-financial-assets-dfa\">signed<\/a> the Law on DFAs at the end of July.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Law on Digital Financial Assets (&#8216;DFA Law&#8217;) is imperfect, but the very emergence of regulation in the field of digital assets is progress. This conclusion was reached by participants in the online discussion &#8216;DFAs in Practice&#8217;, organized by Waves Enterprise.<\/p>\n","protected":false},"author":1,"featured_media":26896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1451,1138],"class_list":["post-26895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-regulation-in-russia","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26895","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=26895"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26895\/revisions"}],"predecessor-version":[{"id":26897,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26895\/revisions\/26897"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26896"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=26895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=26895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=26895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}