The Association of Banks of Russia has appointed the Director of Binance in Russia, Olga Goncharova, to lead its Expert Center for Digital Financial Assets and Digital Currencies.

The announcement, made on Thursday, noted that the association would be establishing an Expert Center for Digital Financial Assets and Digital Currencies for maintaining communications with the government.

“The Association has extensive experience in interacting with Russian regulators, representing the interests of the banking community, so we want to take a more active position on this issue, and contribute to the development of balanced regulation taking into account the interests of the market and ensuring the protection of citizens from unscrupulous actions,” Vice President of the Association of Banks of Russia, Anatoly Kozlachkov said in a statement.

Under Ms Goncharova’s leadership, the Expert Center is planning to conduct an examination of the turnover of cryptocurrencies and other digital assets. It also sets out to maintain conversations with federal authorities, legislators, and experts in the field of digital financial assets and digital currencies.

“Legislators really lack the professional view of financial market experts on the circulation of cryptocurrencies in order to form a balanced approach to their regulation on their basis,” said Anatoly Aksakov, chairman of the board of the Association of Banks of Russia.

The center also aims at organising events to discuss the expert community’s approach towards regulation and development of digital assets.