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Russia’s Central Bank: ICO Pilot a Success, Legal Hurdles Remain

Russia’s Central Bank: ICO Pilot a Success, Legal Hurdles Remain

A regulatory platform operated by the Bank of Russia has concluded an initial coin offering (ICO) pilot, a central bank official has revealed. Speaking at the Eastern Economic Forum in Vladivostok – a port city near the Chinese border -Ivan Semagin, deputy director of financial markets development at the Bank of Russia revealed the authority’s sandbox ICO experiment proved a success following its original announcement in May.

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