March 29, 2024

The Bank of Russia has registered the first crowdfunding platform

06/04/2020

Karolina Salinger

The Bank of Russia has registered the first crowdfunding platform

The Bank of Russia has registered the first crowdfunding platform

"Independentregistrar company R.O.S.T. " became the first company included in the register of investment platform operators of the Central Bank of the Russian Federation. This was reported on the website of the Bank of Russia.

According to the law "On attracting investments fromusing investment platforms ”(“ On crowdfunding ”), all operators of such platforms must be included in the register by July 1. Otherwise, they will have to suspend their activities.

ICOs may presumably be held on the platform in the future, noted the advisor to the IP / IT practice of Tomashevskaya & Partners, teacher at Moscow Digital School Roman Yankovsky.

«It is logical that the registrar company became the first platform, since the management of ICO tokens has much in common with the management of securities», — he stated.

If the recently presented package of bills on digital currencies is adopted, there will be no talk of cryptocurrency ICOs, Yankovsky emphasized:

«ICOs in cryptocurrency will not be possible. Only tokens are legal, not coins.

Let us remind you that the law "On crowdfunding" was adopted inLast year. It reinforces the concept of "utilitarian digital rights" and limits the amount of investments from unqualified investors to 600 thousand rubles per year across all platforms in Russia.

Detailed review of the document — in the material ForkLog.