Translation. Region: Russian Federation –
Source: Central Bank of Russia
An important disclaimer is at the bottom of this article.
Happy New Year the gradation changes digital financial assets (DFAs) that are available to qualified and non-qualified investors.
Non-qualified investors will be able to freely acquire the most popular digital financial assets, whose payouts are not dependent on any variable indicators, but only if they demonstrate high credit quality. These digital financial assets also include debt assets.
This category of investors will also have access to digital financial assets (DFAs) with returns up to 600,000 rubles, which vary based on the dynamics of clear indicators such as inflation, the key rate, and the price of precious metals or stocks. These instruments must also have a high credit rating. Some of them must also offer capital protection, meaning they offer a return on the initial investment.
At the same time, the procedure for calculating the annual limit is changing: if the digital rights are redeemed or sold within a year, the owner has the right to purchase additional digital financial assets with the proceeds.
Acceptable rating levels for digital financial assets or their issuers will be established by a decision of the Board of Directors of the Bank of Russia.
Digital financial assets with increased risks are permitted for purchase by retail investors only with “qualified” status.
Legal entities will be able to acquire digital rights with virtually no restrictions. An exception will be digital financial assets linked to securities, which are intended only for "quals."
Preview photo: Who is Danny / Shutterstock / Fotodom
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.