On Thursday, November 8, 2018, a regular meeting of the Expert Council on Digitalization of the Russian Union of Industrialists and Entrepreneurs was held.
The presentation was made by Alexey Prokofiev, Chairman of the ARC Working Group (Anticipatory Regulation Compliance for Digital Assets) and Managing Partner of AddCapital. Additions were proposed to clarify the goals and objectives of the legal regulation of digital technologies in the investment field.
Among other things, it was noted that it is necessary to ensure the conscious digital sovereignty of the Russian Federation in the matter of circulation of digital assets, distinguishing the main classes of application of the DFA in the Russian Federation, consideration of the requirements for the packaging of the DFA in classical tools, carried out by licensed participants for qualified investors and so on.
The ARC Working Group (Anticipatory Regulation Compliance for Digital Assets) composed of authorized representatives of Sberbank, Alfabank, Moscow Exchange, NSD, EY, Rosbank Depositary, Group-IB, AddCapital, also associate members from Gazprom-Bank, ATON, working from October 2017, develops solutions for large and institutional investors in DFA with a focus on regulators, control and tools for the development of the Russian economy in the face of constraints.