PRESS: Russian blockchain association crafts bill on crowdfunding - Engineering & Hi-Tech - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

PRESS: Russian blockchain association crafts bill on crowdfunding

MOSCOW, Dec 27 (PRIME) -- RussiaТs Association of Blockchain Technology and ProductsТ Developers and Users to Promote Digital Economy (RACIB), whose supervisory board is headed by presidential advisor for the Internet German Klimenko, has crafted a bill on crowdfunding regulation, business daily Vedomosti reported on Wednesday.

The document could be used to regulate initial coin offerings (ICO), the daily said.

The bill offers to participate in Уa distributed fundingФ to citizens, individual entrepreneurs, and companies, and the state-accredited floors will raise their money.

Such sites will disclose their beneficiaries owning more than 10% of capital, and their managers must not have any records for economic crimes. The sites must keep a register of deals and uncover the main criteria for choosing projects of investments, but these parameters are still unknown.


27.12.2017 09:45
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