August 4, 2020

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

"Independent registrar 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.

In the future, ICOs can presumably be conducted on the platform, noted Roman Yankovsky, IP / IT practice adviser at Tomashevskaya & Partners, Moscow Digital School teacher.

“It is logical that it was the registrar company that became the first platform, since the management of ICO tokens has much in common with the management of securities,” he said.

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

“ICO 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.

For a detailed overview of the document, see ForkLog.