The Central Bank of Russia Has Successfully Conducted a Trial ICO

Russia

The main financial institute of Russia has been exploring the powers of the crypto world like many of its foreign “colleagues”.

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According to the media Tacc, the representative of the Bank of Russia shared the information about a successful completion of the experimental initial coin offering conducted to explore the possibilities of upgrading the existing financial structure.

An experimental ICO was conducted in the framework of Bank of Russia’s “sandbox” on the base of the existing infrastructure. Everything well from the technical point of view, but there are still a bunch of questions left regarding the legal issues,” he pointed out.

The sandbox mentioned above stands for the trial platform of the bank.

Although the situation with crypto is still quite unclear in Russia, as digital coins do not have an official status yet, major companies of the country keep researching the ways to implement cryptocurrency into their business.

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