Posts Tagged ‘Russia’

System to Guarantee ICO Investments Being Built in Russia

Globex, the commercial bank subsidiary of the government-owned development bank VEB (Vnesheconombank), is working together with the Russian Association of Cryptocurrency and Blockchain (RACIB) and its partner website Crowdhub to create the first system of guarantees for investments in cryptocurrencies in Russia. According to the project development plans, the system will “help investors to make […]

Russian Ministry Proposes Capital Mandates for ICO Organizers

Russia’s Ministry of Communications and Mass Media (Minkomsvyaz) has proposed a law that, if approved, would introduce a capital requirement for ICO organizers. One major element of the proposal is that ICO organizers must have at least 100 million rubles (or $1.73 million) worth of authorized capital and must be registered as a legal entity within […]