Odaily Planet Daily News Russia is studying how to legalize and regulate DAO in order to bring more liquidity to the local digital financial asset (DFA) market.
Ivan Chebeskov, Director of the Financial Policy Department of the Russian Ministry of Finance, said at the 2023 Cryptocurrency Summit: “We actively advocate the development of DFA, but we also understand that DFA alone cannot ‘fly’ (achieve rapid success). We need to Establishing connections between DFA and the world of decentralized finance to leverage existing liquidity in decentralized finance.” Russia understands that in order for DFA and decentralized finance in general to develop more actively, the DAO needs to be legalized. (Cryptopotato)