Watch without commercials Gold-backed tokens may appear in Russia

According to the media, the new assets could give companies “a stable mechanism for international transfers.” However, the initiative is still at the development stage.

Anatoly Aksakov, head of the banking committee of the State Duma, said that market participants are currently testing gold-backed tokens. This stage should be completed by the end of 2024. And although the regulatory framework for these assets has already been created, the deputy did not disclose details about operators or transaction processes, citing concerns about sanctions.

Earlier, it was reported that the Bank of Russia is considering legalizing stablecoins for cross-border transactions. This would allow to keep trade activity with China.

So far, according to Deputy Chairman of the Central Bank of Russia Alexei Guznov, this proposal is only being discussed. But already now the technological chain is clear, through which individuals could “transfer steiblcoins to Russia, accumulate them and use them for international payments”. There is no exact information about when the government's initiative will be approved.