NBB allows banks to issue tokens with no possibility to receive cryptocurrency
<p> MINSK, 19 June - PrimePress. In the course of the experiment to allow banks to issue token, they will not be able to receive cryptocurrencies, said Dmitri Nabzdorov, Head of the National Bank of Belarus’ Main Directorate for Regulation of Non-Credit Financial Organizations. </p> <p> </p> <p> As previously reported on June 10, the National Bank of Belarus (NBB) proposes, as an experiment, to allow banks issuing and placing tokens and make other transactions (operations) with them in 2021-2024. This is provided for by a draft presidential ordinance formulated by the National Bank. </p> <p> </p> <p> The draft is aimed at expanding the involvement of banks in the process of digital transformation of the economy. The right to issue and place tokens may be given to ASB Belarusbank JSC, Belagroprombank JSC, Bank Dabrabyt OJSC, Paritetbank OJSC, BPS-Sberbank OJSC, Belgazprombank OJSC, Belvnesheconombank OJSC, BTA Bank CJSC, BSB Bank CJSC, Bank Reshenie CJSC, RRB-Bank CJSC and Belarusian People’s Bank OJSC. End </p>
2020-06-20
Primepress
NBB allows banks to issue tokens with no possibility to receive cryptocurrency
MINSK, 19 June - PrimePress. In the course of the experiment to allow banks to issue token, they will not be able to receive cryptocurrencies, said Dmitri Nabzdorov, Head of the National Bank of Belarus’ Main Directorate for Regulation of Non-Credit Financial Organizations.
As previously reported on June 10, the National Bank of Belarus (NBB) proposes, as an experiment, to allow banks issuing and placing tokens and make other transactions (operations) with them in 2021-2024. This is provided for by a draft presidential ordinance formulated by the National Bank.
The draft is aimed at expanding the involvement of banks in the process of digital transformation of the economy. The right to issue and place tokens may be given to ASB Belarusbank JSC, Belagroprombank JSC, Bank Dabrabyt OJSC, Paritetbank OJSC, BPS-Sberbank OJSC, Belgazprombank OJSC, Belvnesheconombank OJSC, BTA Bank CJSC, BSB Bank CJSC, Bank Reshenie CJSC, RRB-Bank CJSC and Belarusian People’s Bank OJSC. End