Russia Central Bank Regulatory Platform To Test ICO

Initial Coin Offerings
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Russia Central Bank Regulatory Platform To Test ICO

Post by theDarkGoatisBAAAAD » Fri May 25, 2018 8:06 pm

Initial Coin Offering technology or ICO is about to be piloted by Russia at its central bank’s regulatory platform. The platform was designed to test unregulated tech since its launch in April 2018.

The process is thought out to end with results that will give various conclusions which are related to digital token assets. It targets to launch the first transaction that includes tokenized assets and assess the characteristics of the transfer while mitigating associated risks.

The corporate and investment banking business of Russia’s state-owned bank the Sberbank CIB, and NSD – the National Settlement Despository. Russia’s financial market infrastructure, have announced they will soon be piloting ICO technology at the Bank of Russia’s regulatory platform.

As two bills have been already passed by the Russian Federal Assembly, the scaling of blockchain pilots will be made possible for the Sberbank CIB. The found has found much demand for digital token assets, based on the words of the Senior Vice President of Sberbank and in the lead of CIB:

“Sberbank CIB considers the Russian ICO market to be very promising. Many Sberbank clients are interested in this type of investment, and we plan to promote this service proactively once the appropriate legislative framework comes into effect; we will be one of the drivers to institutionalize and popularize this type of transaction.” ... -test-ico/

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