Moscow Exchange Suggests Issuing Crypto Receipts for Those Afraid of Blockchain

Russia's leading exchange for equities and derivatives has drafted new legislation that will allow depositories to issue receipts for digital financial assets (DFA). In current Russian law, the broad term 'DFAs' includes cryptocurrencies in the absence of a more precise definition, but mainly refers to digital coins and tokens that have an issuer.

Under such arrangements, DFA receipts could be traded as securities, explained Sergei Shvetsov, head of the supervisory board of the Moscow Exchange (MOEX). During the latest edition of the International Banking Forum, the official emphasized that exchanges will naturally enter this market