Atomyze became the first digital asset management Russian company

Despite the past opposite statement of the Deputy Governor of the Bank of Russia, the Country secured its first local digital assets management in the company. 

At the late of 2021, Vladimir Chistyukhin, Deputy Governor of Bank of Russia, clearly stated that no local companies/firms are allowed to provide digital assets management services in Russian Federation, however, investment/management in the digital assets will be possible through non-Russian companies. At that time, the  Russian Central Bank statement was in favour of the prohibition of crypto circulation in the country. 

On 3 February, the Bank of Russia announced that Atomyze is registered as the first in the home Russian digital assets management registered tokenization service company. 

As per the annnoucment, the central bank of Russia formerly confirmed the compliance of the Atomyze’ information system and the platform’s technical implementation. Now under the official registration with the Central Bank, Atomyze has the authority to allow its clients to issue digital financial assets (DFA) on its platform and also obtain “new types of assets in the tokenized form. 

Interestingly, Atomyze will also provide its services of exchange-based operations independently within its built platform, because such things are allowed under the registration. 

Central Bank stated:

“To further develop the DFA, the Bank of Russia has formulated proposals for improving the regulation of such assets and their taxation, which will increase the attractiveness and applicability of digital financial instruments. Shortly, these proposals will be submitted for discussion in the form of a regulatory consultation report.”

According to experts, these efforts will help the big companies to tokenize their shares/stocks to allow the stock market Investors to invest money on the blockchain platforms, much better with real-time experience.

Bank of Russia seems ready to step with the country voice 

In Q4 of last year end, Bank of Russia completed its report on the threat of Crypto on financial systems and the economy of Russia. The report of the Central Bank was aimed to bring a blanket ban on the crypto industry in Russian Federation. 

Later reportedly, the Bank of Russia faced huge criticism for such proposals, and also finance ministry officials supported the crypto industry against the Bank proposal.

Now, this new announcement with Atomyze, the Bank of Russia showed that it is ready to step with the crypto and blockchain adoption under highly strict rules. 

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