ICO News

Moscow Stock Exchange Set to Publish its Data on ICOs

The world of initial coin offerings (ICO) has been adopted slowly but surely across most of the world. While it was seen as being bit of a Wild West environment in 2017 by the authorities and traditional investors, they are now starting to be won over.

Moscow Stock Exchange Set to Publish its Data on ICOs June 10, 2018Leave a comment

The world of initial coin offerings (ICO) has been adopted slowly but surely across most of the world. While it was seen as being bit of a Wild West environment in 2017 by the authorities and traditional investors, they are now starting to be won over.

While the likes of China and South Korea enacted bans on ICOs from taking place on their shores, others have embraced this as the way of the future. They have been taking advantage of the hesitant approach other countries have been taking and look to attract blockchain startups to their own countries.

In the beginning, Russia appeared to be one of those countries that were a bit hesitant of ICOs, but over the past six months or so it appears that they have changed their approach.

What are the details about the publication of ICO data in Moscow?

The Moscow Exchange (MOEX) has plans to publish information they have about ICOs which have taken place according to their CEO Alexander Afanasiev.

They are in the middle of creating their own platform for having this data on token sales published and it is set to be launched towards the end of 2018. While tokens are not going to be directly listed on the exchange, there will be descriptions provided for some of the tokens, as well as details about the ICOs provided for potential investors.

They are more or less treating the tokens the same way they would fiat currencies because as of now they are not legally protected assets. Of course, if this changes in the future, they may see themselves listed on the exchanges.

What are the exchange’s plans for the future regarding ICOs?

There is the possibility in the future that the exchange may decide to issue futures for these ICOs if the demand is there amongst investors. They are currently looking into ways in which these futures might be structured.

There is still uncertainty in the country regarding blockchain and crypto regulations, so there is still being a somewhat cautious approach taken. There are two bills currently waiting to be heard at the Russian parliament, which is called the State Duma.

It was last week that the Russian president Vladimir Putin who appeared on national television and said that they should be looking at the many opportunities blockchain offers and how it may be used to get over some of the limitations in the current global finance trade has.

Leave a Reply

Your email address will not be published. Required fields are marked *