The Moscow Exchange, also known as MOEX, is planning to share information about initial coin offerings (ICOs) soon, according to a statement from its CEO, Alexander Afanasiev. As he told Reuters this Friday, the exchange is currently developing a platform that will publish token sale data – and it is about to be launched in the coming months.
What’s interesting is the fact that this exchange won’t list tokens directly – but instead – will provide descriptions for certain tokens and details about ICOs for investors.
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According to Afanasiev:
“We’re treating them as we treat fiat currencies so far because cryptocurrencies don’t have a status of legally protected assets now, but if it changes we will place them in our system as well.”
Afanasiev is also confident that the exchange may issue futures products for ICOs if there is a demand for it. According to him, there is “a possible structure that is being worked on for such futures.”
Obviously, this news gives Russia an advantage – even though the country is still cautious when it comes to cryptocurrencies and blockchain regulations. A couple of days ago, the president of Russia Vladimir Putin said that the country should explore the opportunities around blockchain and possible use it in order to “avoid limitations in global finance trade”. However, Putin still hasn’t commented on Afanasiev’s decision.
The big question right now is – will Russia expand the line and support the use of blockchain in the future?
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