In 2017 various political, financial and public figures expressed their attitude to the crypto-currencies and ICO. Sometimes these opinions were different, but in one they were similar, the crypto-currency sphere should be regulated.
Repeatedly in various media outlets came out with information that everything, the bill is ready! And almost from tomorrow, Russia begins to regulate the crypto-currency sphere. In fact, it's not like that at all.
Yes, there are views on regulation, various departments discuss and state initiatives, but so far no more.
2018 should decide the issue of regulation
And so, we will consider that 2018 should become a decisive boundary for the adoption of laws in the field of crypto-currency.
Romanov Alekseev, the head of the legal department of the Castle Family Office in Russia and the CIS, described the alleged laws to the "Rossiyskaya Gazeta".
Crypto currency and mining will fall under the control of the authorities
According to experts in 2018, such a law can earn. Under its regulation, it is necessary to get crypto-currencies, mining and ICO (primary placement of tokens). Today such a bill is only being developed.
As a guide to certain concrete steps, you can take July 1, 2018, this is exactly the time that the government and the Central Bank of Russia were put by President Vladimir Putin.
So far, there are basic directions expressed in the draft law of the Ministry of Finance "on digital financial assets".
So the attraction of funds through the ICO is proposed to limit 1 billion rubles.
Not qualified investors can invest not more than 50 000 rubles for a separate start-up.
ICO projects will need to meet certain requirements, such as the degree of disclosure of information about the project and its investors, as well as the pricing of the token.
And to regulate this sphere is offered to the Central Bank of Russia.
Kraudfanding will be regulated
The Central Bank of the Russian Federation is also preparing proposals for regulating crowdfunding. The goal is to protect creditors from the risk of fraud and loss of funds.
In 2018, the Bank of Russia plans to create a "sandbox" for testing a new regulatory environment. According to the plan, about 20 companies from the market crowding market participants should take part.
And so, the emergence of a new law can be expected until the end of 2018, because the appearance on the ICO market has made the topic of regulation of crowdfinding even more urgent. After all, in fact, many ICO-projects are nothing like a crow-platforming platform.
The main requirements of the regulator will be presented to the reputation of the owners and management of the site, the system of risk management, storage and data management, including the protection of the personal data of investors, as well as adherence to the principle of "know your customer," that is, the investor.
To summarize, it can be noted that the sphere of crypto-currencies and ICO has already densely entered into the lives of many Russians. The state to remain aloof is simply indecent. The issue of regulation is very acute. There are already primary bills and even deadlines. But as we know in our country, the time from project to law can take a lot of time. In the meantime, we will focus on July 1, 2018.
Although bitcoin and the rest is hard to regulate which i believe., as far as the new ICO's are concerned it should be regulated, in order to avoid the scam., but lets accept the fact that bitcoin is hard and cannot be regulated its because it is decentralized., and whether it is decentralized, the market still depends on the supply and demand, and there are lots of factors on the price movements, and just even fake news could affect the price.
Hmmp., whatever may come in the future, lets just embrace the goodness of cryptocurrency, because it helps us a lot make a living.
