# DFA Related Articles

HTX News Center provides the latest articles and in-depth analysis on "DFA", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

New Crypto Buyer Enters the Market: Kazakhstan Plans to Invest Up to $350 Million

Kazakhstan's central bank, under Governor Timur Suleimanov, plans to invest up to $350 million from its gold and foreign exchange reserves into the crypto asset sector, with investments set to begin between April and May. The move, which represents a cautious 0.5% of the country's total reserves, will include not only cryptocurrencies but also stocks of high-tech companies, index funds, and other crypto-related financial instruments. The National Investment Corporation (NIC) will also incorporate confiscated crypto assets from law enforcement operations into the national crypto fund. This decision follows eased regulations in January, which recognized digital financial assets as a new asset class and allowed licensed crypto exchanges. Kazakhstan currently holds 3,544 bitcoins, ranking eighth globally in government crypto holdings.

marsbit03/09 08:50

New Crypto Buyer Enters the Market: Kazakhstan Plans to Invest Up to $350 Million

marsbit03/09 08:50

Bank of Russia Publishes Rules for Purchasing Digital Financial Assets (DFAs) by 'Qualified' and 'Non-Qualified' Investors

The Bank of Russia has announced new rules, effective from 2026, that will change the classification of digital financial assets (DFAs) available to qualified and non-qualified investors. Non-qualified investors will be allowed to freely purchase the most popular DFAs with payments not dependent on variable indicators, including debt assets. They will also gain access, within a limit of 600,000 rubles, to DFAs whose returns are linked to variables such as inflation, the key rate, or prices of precious metals and stocks. All such DFAs must carry a high credit rating, and some will require capital protection to guarantee the return of the initial investment. DFAs with higher risks will be restricted to qualified investors. Legal entities will be able to acquire digital rights with almost no limitations, except for DFAs tied to securities that are reserved for qualified investors. The announcement follows the central bank's earlier reveal of a concept for regulating the digital asset and cryptocurrency market, which is expected to be finalized by mid-2026. The concept proposes allowing the circulation of DFAs and other digital rights on open blockchain networks. This is intended to let issuers freely attract foreign investment and allow clients to purchase DFAs "on terms no worse than those for purchasing cryptocurrency." Regarding cryptocurrencies, the Bank of Russia's plan states that both qualified and non-qualified investors will be permitted to buy them, but each category will be subject to specific rules and restrictions.

RBK-crypto12/29 15:20

Bank of Russia Publishes Rules for Purchasing Digital Financial Assets (DFAs) by 'Qualified' and 'Non-Qualified' Investors

RBK-crypto12/29 15:20

Bank of Russia: Crypto is now legal, but do not buy it unless…

Russia has shifted from attempting to ban cryptocurrency to legalizing it under a new regulatory framework set to be finalized by July 2026. The system categorizes investors into two groups: qualified investors, who can trade most cryptocurrencies after passing a risk test, and retail investors, who face a strict annual purchase limit of 300,000 rubles and mandatory knowledge assessments. The Central Bank of Russia continues to view crypto as high-risk and warns investors of potential losses. Existing financial institutions will be permitted to trade crypto under current licenses, while new rules will apply only to specialized crypto depositories. The move aims to develop the Digital Financial Asset (DFA) market and attract global investment, though unauthorized mining will face stricter penalties. The regulations reflect state caution toward public participation in crypto, while leveraging digital assets for strategic economic interests.

ambcrypto12/24 20:02

Bank of Russia: Crypto is now legal, but do not buy it unless…

ambcrypto12/24 20:02

How the Central Bank Will Regulate Cryptocurrencies in Russia. The Main Points

The Central Bank of Russia has published a concept for regulating cryptocurrencies and digital assets, with legislative changes proposed to the government. While crypto assets can be purchased by both qualified and unqualified investors, they are recognized as high-risk and cannot be used for domestic payments. Key regulations include: Unqualified investors can only buy the most liquid cryptocurrencies after passing a test, with an annual limit of 300,000 rubles per intermediary. Qualified investors can purchase any non-anonymous cryptocurrencies without volume limits, also after risk testing. Operations will be conducted through existing licensed infrastructure like exchanges and brokers. Residents can buy crypto abroad using foreign accounts and transfer previously purchased crypto overseas through Russian intermediaries, but must notify the tax service. The legal framework is to be prepared by July 1, 2026, with penalties for illegal intermediary activities effective from July 1, 2027. The regulation also covers the market for Russian Digital Financial Assets (DFAs), permitting their circulation on open networks to allow issuers to attract foreign investment. DFAs, distinct from cryptocurrencies, are tokenized versions of real assets issued on private blockchains by approved operators.

RBK-crypto12/23 12:14

How the Central Bank Will Regulate Cryptocurrencies in Russia. The Main Points

RBK-crypto12/23 12:14

"The Market in Russia is Only Just Emerging": Anton Popov on Sber's Crypto Strategy

Sberbank is increasing its activity in the digital finance sector, offering clients investment products linked to crypto assets and developing its own blockchain platform. In an interview, Deputy Chairman Anatoly Popov discussed the bank's strategy, which is focused on expanding its range of digital financial assets (DFAs), participating in the development of regulations for decentralized finance (DeFi), and integrating with public blockchains. Sber is in constant dialogue with Russian regulators to build a secure infrastructure. It currently offers qualified investors products like structured bonds and DFAs that provide exposure to cryptocurrencies like Bitcoin and Ethereum within the Russian legal framework, with a total issuance volume of 1.5 billion rubles. The bank sees these regulated, ruble-based products as a safer alternative to direct purchases on unregulated crypto exchanges. While Sber plans to be an active player and liquidity provider on future regulated crypto platforms, it will act conservatively, prioritizing client interests and financial system stability. It does not view crypto as a vehicle for its own speculative investments. Looking forward, Sber believes a key trend is the convergence of traditional finance and DeFi. Its in-house blockchain lab has evolved into a full product unit, and its proprietary platform for issuing DFAs is already operational. The bank is exploring tokenization of real-world assets like movable property and shares in LLCs, pending new legislation. For the future, Sber anticipates the institutionalization of blockchain technology. Bitcoin will likely remain a core asset, while networks like Ethereum will form the technological base for tokenization and smart contracts. A crucial step is the legalization of a broad range of blockchain-based digital assets, starting with pilot projects to demonstrate utility and manage risks. The bank is interested in stablecoins and their potential future use in the Russian legal field, emphasizing the need for collaborative work with the central bank.

RBK-crypto12/11 11:16

"The Market in Russia is Only Just Emerging": Anton Popov on Sber's Crypto Strategy