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St. Petersburg Exchange to issue digital gold

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A new financial instrument will appear in Russia – gold in digital form. It will be created by the St. Petersburg Stock Exchange and Goznak in 2023. IT infrastructure, technologies for trade and accreditation are being prepared.

The development will simplify entry into precious metals for investors, increase liquidity and reduce commissions. Each bar will receive its own number and an electronic certificate, if desired, it will be issued in physical form. For release, some changes to the legislation are still to be made.

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