«Неквалам» откроют доступ к ЦФА с привязкой к ключевой ставке

cryptonews.ruPublished on 2025-04-24Last updated on 2025-09-25

Подобные инструменты уже доступны на традиционном рынке, и выравнивание регулирования должно дать цифровым активам дополнительный импульс

Банк России намерен с 1 января 2026 года допустить неквалифицированных инвесторов к новым типам цифровых финансовых активов (ЦФА), доходность которых будет зависеть от ключевой ставки и других индикаторов денежного рынка. Об этом заявила глава ЦБ Эльвира Набиуллина на Международном банковском форуме в Сочи.

Речь идет о ЦФА с плавающей доходностью, привязанной к рыночным ориентирам. Для доступа розничных инвесторов к таким инструментам будет установлено минимальное требование по кредитному рейтингу актива. В ближайшее время ЦБ направит соответствующее указание в Минюст.

rbc.group

По словам Набиуллиной, аналогичные инструменты уже доступны на традиционном рынке, и выравнивание регулирования должно дать цифровым активам дополнительный импульс.

Она также отметила необходимость дальнейшей настройки регулирования в сфере ЦФА, в том числе механизмов, связанных с выпуском кредитных цифровых активов.

Многие из существующих ЦФА доступны только квалифицированным инвесторам. Еще в 2024 году Набиуллина говорила, что важно, чтобы ЦФА можно было купить «через одно окно», независимо от того, на какой платформе они выпущены. По ее словам, уже тогда Банк России обсуждал с рынком то, как дать клиентам брокеров и других участников рынка возможность покупать ЦФА, используя мобильные приложения, которые им привычны.

В начале сентября Сбербанк анонсировал запуск бессрочного ЦФА на основе корзины из двух ведущих криптовалют — биткоина и Ethereum.

Billionaire Ray Dalio: "US Debt Is Nearing the Point of No Return, Turn to Gold and Bitcoin"

Ray Dalio, the billionaire founder of Bridgewater Associates, warns that the rapid growth of global debt poses a significant risk to investors. He argues that the U.S. national debt cycle has entered an advanced stage, with increasing bond supply outpacing investor demand, putting pressure on interest rates and currencies. As U.S. federal debt approaches $32 trillion with $1 trillion in annual interest payments, Dalio predicts it could surge to $55-$60 trillion within a decade if trends continue. Faced with this unsustainable path, Dalio suggests governments have two tough choices: keep rates high to attract bond buyers (stifling growth) or print more money (debasing currencies). In such a risky environment, he advises investors to diversify across asset classes and countries, focusing on economies with strong income structures and healthy balance sheets. His specific recommendations include reducing exposure to bonds while increasing allocations to gold and, to a limited extent, Bitcoin. Dalio proposes that allocating roughly 10-15% of a portfolio to assets like gold and a small portion to Bitcoin could help mitigate overall risk and potentially enhance returns, though he remains cautious regarding Bitcoin's allocation size.

cryptonews.ru4m ago

Billionaire Ray Dalio: "US Debt Is Nearing the Point of No Return, Turn to Gold and Bitcoin"

cryptonews.ru4m ago

Standard Chartered: Bitcoin Could Reach $126,000 and Hit a New All-Time High by Year-End

Standard Chartered has revised its year-end Bitcoin price target upward, suggesting it could reach a new all-time high of $126,000. The bank's head of digital assets research, Geoff Kendrick, noted that the current rally is driven by short liquidations and a recovery in spot Bitcoin ETF inflows. He stated that low open interest leaves room for new investors, reducing the risk of a sharp sell-off from an overheated market. This marks a shift from the bank's earlier, more conservative forecast. In February, Standard Chartered lowered its 2024 Bitcoin target from $150,000 to $100,000, anticipating a deep correction first. However, Bitcoin's steady climb has prompted Kendrick to consider the possibility that his initial $100,000 target may be too low. Other analysts are also signaling a potential market bottom. Swan Bitcoin's Cory Klippsten expects a bottom to form in October, while 10x Research's Markus Thielen suggests closing August above $63,000 could confirm the end of the bear market. Bitcoin recently rose above $79,000, gaining 25% in a week. The analysis cautions that macroeconomic factors remain crucial. Past rallies have been vulnerable to inflation data and Federal Reserve rate decisions, with sharp pullbacks following positive news cycles. The sustainability of any surge toward $126,000 will depend on upcoming CPI reports and monetary policy.

cryptonews.ru23m ago

Standard Chartered: Bitcoin Could Reach $126,000 and Hit a New All-Time High by Year-End

cryptonews.ru23m ago

Arbitrum Activates ArbOS 61 Elara With Optional Orbit Compliance Filters

Arbitrum has activated the ArbOS 61 "Elara" upgrade, introducing new tooling for its Orbit chains. The key addition is an optional protocol-level compliance filtering feature, designed for private or enterprise Orbit deployments to meet regulatory needs, and explicitly not for the public Arbitrum One or Nova networks. The upgrade also expands the Stylus contract size limit from 24 KB to 96 KB, providing developers greater flexibility for building more complex applications in languages like Rust and C++. This move underscores Arbitrum's evolution beyond a single L2 into a broader infrastructure stack, balancing enterprise customization with the open ethos of its public ecosystems.

bitcoinist54m ago

Arbitrum Activates ArbOS 61 Elara With Optional Orbit Compliance Filters

bitcoinist54m ago

Galaxy Research: Can SEC's New Regulations Usher in a New Era for Token Financing?

**SEC Proposes New Framework for Token Offerings, Potentially Unlocking Legal Paths for U.S. Crypto Fundraising** On August 18, the U.S. Securities and Exchange Commission (SEC) proposed new rules, dubbed "Reg Crypto," specifically tailored for crypto asset offerings. This framework marks a departure from applying traditional securities rules designed for stocks to tokens. It creates a potential legal pathway for token sales to the U.S. public, including non-accredited investors, without full registration. The proposed rules apply to crypto assets that are not themselves securities but were sold as part of an investment contract where the issuer promised to build a product, network, or ecosystem. It establishes a four-phase lifecycle: Raise, Disclose, Build, and Exit. The "Raise" phase includes two new fundraising exemptions: a startup exemption allowing up to $5 million over four years and a larger, Regulation A-based exemption for up to $20 million or $75 million over 12 months. The "Disclose" phase requires specific token-related disclosures like supply schedules, governance, and development progress. After the issuer completes its promised development work and files a transition report, the "Exit" phase allows the associated investment contract to terminate, even if the token continues to trade. The analysis highlights that the framework's most immediate impact may be providing a formal "exit" path for existing tokens with unclear legal status, rather than immediately sparking a new wave of U.S.-based token offerings. It offers advantages over traditional private placements by allowing public sales and immediate token transferability but imposes ongoing disclosure and reporting obligations. A key hurdle is that the larger exemption requires a substantial U.S. operational presence, which may deter projects with offshore structures. Overall, the proposal is seen as a constructive step toward regulatory clarity, acknowledging that token offerings differ from equity offerings and require tailored investor disclosures. However, it remains a proposal subject to a 60-day public comment period, and its long-term stability may ultimately depend on congressional action.

marsbit3h ago

Galaxy Research: Can SEC's New Regulations Usher in a New Era for Token Financing?

marsbit3h ago

Bitcoin and Ethereum Soar Together! Eight Altcoins Worth Watching in the Later Market

Bitcoin and Ethereum Surge, Fueling Altcoin Speculation. Bitcoin Eyes $77,000, Ethereum Gains 20% in a Single Day. Market anticipates capital rotation from major cryptos to high-beta altcoins, but a selective rise is expected, favoring projects with genuine users, protocol revenue, and healthy tokenomics. Analysts highlight eight altcoins across key sectors: **High-Performance Blockchains:** * **SOL (Solana):** Market cap ~$51.88B. A dominant player with a strong ecosystem. Considered a relatively safe bet for potential catch-up growth. * **SUI (Sui):** Market cap ~$3.03B. High volatility potential but faces risks from its low circulating supply and future token unlocks. **DeFi Lending:** * **UNI (Uniswap):** Market cap ~$2.38B. Transitioning to a revenue-capturing asset post-fee switch implementation. * **AAVE (Aave):** Market cap ~$1.53B. Features balanced tokenomics and revenue but has seen significant recent gains. * **MORPHO:** Market cap ~$1.50B. Rapid protocol growth but weaker token value capture and opaque supply data. **Perpetual DEX:** * **HYPE (Hyperliquid):** Market cap ~$16.41B. The clear sector leader with strong revenue but high valuation and a large portion of tokens still locked, warranting caution. **RWA & On-Chain Finance Infrastructure:** * **LINK (Chainlink):** Market cap ~$8.09B. A key oracle provider positioned to benefit from multiple trends like RWA and institutional adoption, offering strong fundamentals. * **ONDO (Ondo Finance):** Market cap ~$1.77B. Shows strong business growth but carries high risks due to concentrated token holdings and a massive unlock scheduled for 2027. **Conclusion:** The altcoin rally is expected to be selective. Recommendations include a medium position in SOL, small allocations to SUI and UNI/AAVE for DeFi exposure, and caution with HYPE and ONDO due to their specific risks. LINK is suggested as a core holding for the RWA thematic.

marsbit5h ago

Bitcoin and Ethereum Soar Together! Eight Altcoins Worth Watching in the Later Market