Advisor to the President of the Russian Federation on Internet issues German Klimenko left his post as head of the Internet Development Institute. Now Klimenko will develop the Russian Association of Cryptocurrency and Blockchain (RACIB), taking up the post of head of the supervisory board.
Recall that the Russian Association of Cryptocurrency and Blockchain was officially registered in October 2016.
While financial regulators in many countries warn investors about the potentially high risks of participating in ICOs, the Russian Association of Cryptocurrency and Blockchain is developing a unified standard for assessing the reliability of companies entering ICO.
RACIB is taking an active part in the formation of proposals that should form the basis of a bill legalizing ICOs in Russia. According to the organization, in 2017 the Russian Federation lost 18 billion rubles due to the lack of a law on ICO.
According to https://cryptocurrency.tech
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