The Russian Association of Cryptocurrency and Blockchain (RACIB) will design a set of rules to make ICOs safer for customers to deal with, according to rbc.ru. The project aims at checking the reliability of information about the founders, the business plan, and its perspectives for the future.
According to the RACIB, last year in Russia initial coin offerings (ICOs) gathered $300 million, half of these funds were abducted by perpetrators. The financial market institution believes that this year Russian ICOs can collect up to $1.5 billion if the industry becomes more transparent and safe for investors.
Read the details in the article of Coinidol dot com, the world blockchain news outlet:
https://coinidol.com/russia-to-put-regulations-on-icos/
