CFA is not a cryptocurrency
Posted: Sun Jan 19, 2025 10:28 am
It is important to understand that DFA is not a cryptocurrency. Both of these entities operate on the basis of blockchain technology, but cryptocurrencies do not relate to digital rights. Bitcoin, Ethereum uae telegram database and other cryptocurrencies are not backed by anything, do not provide for legislative protection and investment obligations.
What is the difference between digital financial assets and cryptocurrencies in terms of characteristics:
The digital financial instrument guarantees legal protection to the parties to the transaction; in Russia, a corresponding law, 259-FZ, has been adopted for this purpose .
Asset transactions are based on proprietary blockchain technology and issued by their own issuers. DFAs are public, and it is possible to track and control their movement step by step.
Digital financial instruments are located in systems legally assigned to organizations in the register of information system operators under the control of the Central Bank of the Russian Federation.
Legally, digital financial assets are in the legal field of digital rights. Therefore, investors who use such a tool are protected by law, since digital rights are included in property transactions. And therefore, they are subject to judicial protection.
The owner of the cryptocurrency has no legal rights and the issuer. Due to the greater freedom of circulation in the case of cryptocurrencies, there is a greater risk of becoming a victim of fraudsters or being banned by a financial institution for suspicious transactions.
Where to get money for business and how to manage finances? Experts from the educational platform for entrepreneurs "Kurs" will tell you .
What is the difference between digital financial assets and cryptocurrencies in terms of characteristics:
The digital financial instrument guarantees legal protection to the parties to the transaction; in Russia, a corresponding law, 259-FZ, has been adopted for this purpose .
Asset transactions are based on proprietary blockchain technology and issued by their own issuers. DFAs are public, and it is possible to track and control their movement step by step.
Digital financial instruments are located in systems legally assigned to organizations in the register of information system operators under the control of the Central Bank of the Russian Federation.
Legally, digital financial assets are in the legal field of digital rights. Therefore, investors who use such a tool are protected by law, since digital rights are included in property transactions. And therefore, they are subject to judicial protection.
The owner of the cryptocurrency has no legal rights and the issuer. Due to the greater freedom of circulation in the case of cryptocurrencies, there is a greater risk of becoming a victim of fraudsters or being banned by a financial institution for suspicious transactions.
Where to get money for business and how to manage finances? Experts from the educational platform for entrepreneurs "Kurs" will tell you .