On February 27, the State Duma passed in the third reading the law on allowing the use of digital financial assets (DFA) in international settlements.
According to the text of the law, digital financial assets will be used as counterrepresentation under foreign trade contracts concluded between residents and non-residents, including utilitarian digital rights.
The law allows minimizing the influence of other countries by excluding the banking system from the settlement process.
Recall that the main difference between DFA and cryptocurrency is the presence of an understandable issuer, as well as the security of the financial instrument with gold, currency or company obligations.
According to the text of the law, digital financial assets will be used as counterrepresentation under foreign trade contracts concluded between residents and non-residents, including utilitarian digital rights.
The law allows minimizing the influence of other countries by excluding the banking system from the settlement process.
Recall that the main difference between DFA and cryptocurrency is the presence of an understandable issuer, as well as the security of the financial instrument with gold, currency or company obligations.
