Moscow Stock Exchange Preparing to Publish ICO Data for Investors
The Moscow Exchange, Russia’s largest financial exchange, will publish information about initial coin offering (ICO) projects for potential investors.
In a Reuters report from June 7, Moscow Exchange CEO Alexander Afanasiev revealed that the financial exchange is “preparing the infrastructure” to help token issuers conduct an ICO. The Moscow Exchange will provide a summary of each token, information about its issuer, and details of token sales themselves.
However, Afanasiev clarified that the Moscow Exchange is not considering listing tokens, only providing information so that potential investors can make informed decisions. He also mentioned the possibility of issuing futures contracts for ICOs.
The Moscow Exchange’s decision to publish ICO information comes amid other favorable developments for cryptocurrency in Russia. The Russian Central Bank rolled out a regulatory sandbox for ICO projects in April, and key financial institutions including Sberbank, Russia’s largest bank, have announced that they will conduct a test of the framework in the summer.
The Duma, Russia’s main legislative body, is also considering two bills on cryptocurrency that will lay out legal definitions for digital assets. Final voting on these bills is expected to be conducted by the end of summer 2018.