Faced with the proliferation of ICOs, Moscow Exchange (MOEX) Russia's largest exchange operator wants to stand out by preparing an infrastructure, planned for this year, to display data on Intial Coin Offering (ICO), and hoping to attract the interest of potential buyers of tokens.
ICO projects
"The crypto-stock exchange MOEX is currently developing a platform that will publish tokens sales data and plans to launch its platform that will enable ICOs to be realized later this year," Afanasiev said..The tokens will not be directly listed by the Cryptocurrency Exchange Service, but it still intends to provide some descriptions of the ICOs as detailed as possible to the interested investors.
The company will treat tokens as fiduciary coins that could eventually be indexed, if they are fully tracked. The MOEX CEO's statement reads as follows:
"For the moment, we are looking at the issue from the point of view of national currencies, because cryptocurrencies do not have the status of a legally protected asset. If they achieve this status, we will also integrate them into our system. "The possibility of issuing futures contracts for ICOs was also mentioned by the CEO of the company.
Act carefully
Russia remains reserved with regard to the regulation of digital currencies and Blockchain technology. Two draft laws relating to the cryptocurrency industry, Blockchain and ICOs have been approved by the Russian parliament ( the State Duma). They concern "digital financial assets" and "digital rights". The new regulations were mentioned during the first round of hearings in May 2018.President Vladimir Putin announced in a television broadcast that Russia should explore the potential of Blockchain technology and possibly use it to "restrict various limitations in financial trade".
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