THELOGICALINDIAN - The Russian Association of Cryptocurrencies and Blockchain has created a anthology of whitelisted companies that action cryptorelated articles or casework Meanwhile the bill to adapt cryptocurrencies in Russia has been delayed
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Whitelist of Crypto Firms
The Russian Association of Cryptocurrencies and Blockchain (RACIB) has created a whitelist of crypto companies. The account includes firms in the acreage of crypto mining, investment, marketing, legal, training, and antecedent bread offerings (ICOs).
From aboriginal this year, acknowledged entities and individuals in Russia accept absent added than 270 actor rubles [~US$4.3 million] from crypto-related investments organized by scammers and amateur companies, RACIB detailed. The affiliation has already started tracking arbitrary ICO projects and it hopes the anthology will acquiesce industry participants to acquisition accurate ally in the space. RACIB elaborated:
Launched with 50 Companies
The affiliation explained that the anthology “consists alone of organizations that accept undergone autonomous analysis of reliability.” The belief accommodate “financial sustainability, acquaintance and business reputation, abridgement of administrative judgments, availability of licenses and certificates (if necessary), [and] no arrears of taxes and fees.”
Citing that about 30 applicants are actuality verified, the affiliation revealed:
These companies are “trusted organizations which accept already anesthetized the analysis procedure,” RACIB emphasized. Any acknowledged article in Russia absent to be included can administer online. “The boilerplate aeon for certificate analysis is 10 days. At this time, third-party analysis is not performed,” RABIC’s website states.
Additional testing and acceptance in three areas are already in the works, the affiliation revealed. The aboriginal is a “certification for traders of crypto assets.” The additional is a “certification for mining accessories suppliers” and the third is a “certification for mining farms.”
Russian Crypto Bill Delayed
The acknowledged framework for the adjustment of cryptocurrencies and ICOs in Russia is still in the alertness stage. The bill “On Digital Financial Assets” passed the aboriginal account in the State Duma in May.
Last year, Russian President Vladimir Putin ordered the adjustment of cryptocurrencies and ICOs be accomplished in July. However, Bankir wrote aftermost anniversary that the “consideration of abstract laws on cryptocurrency was adjourned to September.”
Elina Sidorenko, arch of the State Duma’s interdepartmental alive accumulation amenable for a accident appraisal on the about-face of cryptocurrencies, explained the adjournment in an account with Hash Telegraph.
According to her, the Russian laws will be adopted afterwards the “FATF [Financial Action Task Force on Money Laundering] standards are developed with account to the risks of application cryptocurrency.” Without the FATF policies, it is difficult to accept civic legislation, she conveyed. The FATF abstract certificate was accepted to be advised at the affair on June 27-29, “but in the end it was adjourned to September,” Sidorenko detailed, elaborating:
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Images address of Shutterstock and RACIB.
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