Key takeaways:
Decentralized instruments make it essentially possible to replicate most traditional financial instruments, including bonds, stocks, and payment instruments.
Since Russia has not adopted the technological neutrality approach, the full-fledged operation of decentralized financing instruments and their equal treatment with traditional instruments requires changes to the current regulation.
Changes in regulation may include both the adoption of new types of decentralized finance stipulated by the law (for example, new types of DFAs) and the adoption of equal treatment of these commercially similar instruments from the regulatory point of view.