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Bank of Russia Says Our ICO Experiment Is A Successful

According to the Russian news agency, TASS reported on Tuesday, the Russian bank said during the Vladivostok Eastern Economic Forum on Monday that the Russian bank successfully conducted a token issuance test.

Ivan Semagin, deputy director of the bank’s financial development department, told attendees that regulators have tested “ experimental ICO based on existing infrastructure ” in the Russian bank sandbox. He said that although the experiment was successful, there are still some problems.

” In the framework of the ‘ sandbox ‘ … technically, everything is going well, but there are many problems from a legal point of view, ” he explained.

He did not explain what these legal issues are.

The test was originally in Yue announced when Russia’s largest state-funded retail bank Sberbank and Russian national settlement depositoryNSD ) together represent their ongoing ICO test. The experiment is expected to involve a company called Level One, the ICO issuer, Sberbank as the “ issuance coordinator and major investor”, and NSD as the custodian, responsible for recording and closing transactions, and protecting assets.

At the time, Igor Bulantsev, senior vice president of Sberbank, said in a statement, “ Many Sberbank customers are interested in such investments, and we plan to actively promote this service after the appropriate legislative framework is in place; we will promote the ICO institutionalization process. 

[su_quote]This article is writing on 12 Sept 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258[/su_quote]

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