Central Bank of Russia Released ICO Bill

According to regulator's bill, ICO-projects can attract no more than 200 million rubles within a calendar year
26 January 2018   158

Regulator proposes to equate the crypto-currencies to the property, and the mining - to entrepreneurial activity.

Unlike the ministry, the Central Bank plans to prohibit the purchase of tokens, if they are not used by companies to attract financing.

The execution of civil law transactions with purchased tokens, with the exception of transactions aimed at exercising the rights provided by the tokens in accordance with the public offer for the release of tokens, including transactions for the sale of the tokens issued to the issuer, is not allowed.
 

Central Bank ICO Bill

In addition, the Central Bank proposes to introduce an expanded list of information that the organizers of the ICO should provide to investors.

It also includes reports of facts that may affect the investor's profit, the price of the token or the procedure for determining it, and information about the prohibition of transactions with purchased tokens.

These are the keynotes of the bill:

  • Investments of retail investors in one ICO project during the calendar year are limited to 50,000 rubles.
  • The total amount of investments from one retail investor to different ICO-projects can not exceed 500 000 rubles.
  • ICO-projects can attract no more than 200 million rubles within a calendar year.
  • ICO should be conducted on specialized platforms registered as a legal entity with a capital of at least 5 million rubles.

Foreign legal entities, legal entities deprived of licenses for violations, and individuals cannot own 10% or more of shares of investment platform.

The bill also states that the sites are required to provide information on contracts with platform participants at the request of the court and law enforcement agencies.

The organizer of ICO can indicate the minimum and maximum amount of funds raised. If the minimum amount is not reached - the funds will be returned to investors, if the maximum is reached - the attraction should stop.

The regulator also plans to deal with keeping a register of operators of investment platforms, monitoring the implementation of laws and site inspections.

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TOP-3 Upcoming ICO 11.02 - 17.02 according to our readers

Let’s check which ongoing ICOs from 11th to 17th February are considered the best according to our readers
19 February 2018   126

Our readers are dedicated cryptocurrency enthusiasts and fans of blockchain technology. We provide them with the ability to express their opinion regularly. Let’s check top three ongoing ICO according to our readers.

1. Viola.AI

Harnessing on Artificial Intelligence, Blockchain and trustless Smart Contracts, Viola.AI is set to revolutionize the dating and relationship space in the world. She will be the first dating and relationship A.I. that evolves with the users - creating a global and borderless full loop solution from dating, courtship, relationship to marriage. With the capability to perform deep learning about each user’s personality, background and behaviour, Viola.AI can give them the most relevant and valuable advice, as well as proactively prompt couples before any important relationship milestones and help them solve their challenges early.

Viola AI team had postponed their tokensale. As we understand, this is absolutelly needed in order to get fully ready for the sale. We wish good luck to the team and we will keep our eyes on the project's future.

Public Sale of Viola AI will start on the 14th of March.

2. Thrive

Thrive is using a meritocratic, community-based system that rewards publishers and consumers all over the world. Thrive claims to be the premium decentralized advertisement marketplace you never realized you needed. Using the blockchain to create a safe, rewarding platform where users can buy and sell advertisement space, all the while also rewarding real-life consumers and reviewers who help make the system work, this is digital marketing taken to the very next level.

Thrive
Thrive

At the moment of press, € 8,019,646 raised during the presale! Good result!

3. REMME

REMME is the Distributed Public Key Infrastructure protocol with a set of DApps for Access Management. 65% of confirmed data breaches involve weak, default, or stolen passwords and cybercrime costs the global economy around $400 billion annually. REMME is building the distributed Public Key Infrastructure (PKI) solution, which prevents phishing, server and password breach, and utilize SSL/TLS protocol to protect the entire channel from attack.

REMME ICO
REMME ICO

REMME reached hardcap! 19343.1605 ETH raised!

Great result! We wish good luck for the team!

We will keep our eye on these campaigns and we hope that their projects will be successful. We are really grateful to our readers for your opinion expression. Please, check the new Top Upcoming ICO and take part in new poll!