Russia, Russia Russia. And NO, this is NOT about global meddling. Seems the wheels are turning to legalize ICOs (Initial Coin Offerings) and also regulate them. They (Russians) are seeing what the rest of the world (minus US) sees; launchpad for economic growth; protection for token holders; ease for raising capital; AND just being in the 21st century. Hello SEC…………..the “we got Bernie Madoff party is so over”. Lets move on.
“The members of the governmental interdepartmental working group assessing the risks of cryptocurrency turnover in Russia have begun to discuss the possibility of introducing amendments to the civil law that will allow ICOs to be held in the Russian Federation.
According to reports, Russian market participants believe that the legalization of cryptocurrencies can help both large companies and small businesses that are searching for investors. The law that would allow them to launch ICOs and cryptocurrency transactions with lower expenses and fees could become a springboard for the Russian economy’s take-off.
Elina Sidorenko, head of the Russian working group of cryptocurrency risk assessment, believes that the government should develop legislative mechanisms for contract verification, user identification, and protection of token holders rights…”