Russia is working with 30 countries to develop a global ICO rating standard

[duola9527]

The Russian block chain and encrypted digital currency Association (RACIB) announced that they signed a cooperation agreement with the representative of Germany, Switzerland, Australia, Singapore, India, Bahrain, Kazakhstan, Ireland, Poland, Czech Republic, Turkey, Latvia, Indonesia, Lithuania, Malaysia, Estonia and other 30 countries, will formulate a unified rating criteria for ICO. At the same time, RACIB is also negotiating with the Central Bank of Russia to restrict ICO investment~

[soham]

I am sure that we are in dire need of such regulation standard. ICO has become a very controversial method of raising cross border funds and most of the time, the investment failed because of the scammers present in the market. If it can't be regulated, it will become another ponzi market where kids with programming skill will raise millions of dollars and no one can get hold of them.

I believe RACIB will not restrict the ICO like China did. Instead they will offer a framework for the ICOs and a proper licensing and monitoring methodology. That will bring back the credibility in the market and it will ensure the security of the investors. I wholeheartedly support this step.

[WhichIsGood]

If this is gonna push through, then i could only think that this will help the majority of crypto investors. Since there might be a unified rating criteria for ICO's, investors could filter out the good ones and the scheming ones.

[fiulpro]

What I feel is that its a really good news since.. 90% of the ICO'S are genuinely fake and aims at taking people money and then they disappear without a trace and thats the reason that most of the countries are banning ICO'S and due to that 90% .. 10% of those genuine ICO'S startups suffers thus I think they are doing a great job this way the government can anyways adopt this standard and put a check on the ICO'S and they can have another option instead of banning and that is.. adopting these standards thus I think thats really a great step forward and China should learn something from them.
But it might monopolize the current non centralized cryptocurrencies to an extent.

[Opquar]

Title is a little misleading. RACIB is based in Russia, but is not part of the Russian government. Either way, this is good news.

[mathiaslivis]

It is hoped that Russia and these countries can formulate relevant policies as soon as possible. The ICO project has been too messy for the first half of the year, especially in Russia's ICO project, too many deception, and 95% are false. I'm not going to invest in ICO