The Central Bank of Russia has carried out a technically successful ICO

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The Central Bank of Russia has carried out a technically successful ICO

In September, the Bank of Russia has launched a regulatory platform for the management and rapid application of new financial technologies and services, functioning of which may require changes in the legal field.

On this platform was already tested technology of conducting transactions on attraction of financing by issuing tokens on a blockchain (Initial coin offering ICO). The Issuer was the company LevelOne, is in charge of the largest commercial lecture hall of Moscow. Participants began the test of the transaction, Sberbank CIB and national settlement Depository (NSD).

Deputy Director of Department of financial market development reported on the success of the ICO on the platform of existing infrastructure, the so-called “sandbox” of the Bank of Russia, during the session “Financial center and offshore in the far East”. “Technically everything went well, – says Ivan Semagin. – But there is still a lot of questions from a legal point of view.”

It should be noted that the evaluation of pilot services and technologies in conjunction with CBR carried out and all interested state bodies, specialized agencies and development institutions.

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