Finance Ministry Proposes Draft Law on ICO and Digital Asset

Finance Ministry Proposes Draft Law on ICO and Digital Asset

The Russian Finance Ministry has proposed ‘a draft federal law’ for the regulation of virtual assets and Initial Coin Offerings. The draft legislation highlighted that there would not be any restrictions on the investment limits made by the licensed professionals under the Securities Law. However, the unqualified investors are limited to only 50,000 ruble or $900 approximately.

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