Russia Cautious Regulation for ICOs

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Russia Ministry of Finance

The Russian Finance Ministry published draft proposals for the regulations of initial coin offerings (ICOs) in December 2017. This is following a directive by President Vladimir Putin requiring the establishment of regulatory framework for the emerging Cryptocurrency and ICOsĀ  industry by mid this year.

The key features of the draft regulation are the ceiling of the maximum amount an ICO can raise (about $17.3 million) and the limit for unqualified investors at about $864.

You can read the full draft Here

Ahmed Ali

Diacle