In Russia will create a “white list” of companies in the field of blockchain and cryptocurrency

In April it was reportedthat the Chinese on the Moscow markets, “Moscow”, “green thumb” and “Fudsiti” are the country’s largest buyers and sellers of cryptocurrency. During the year their turnover was 600 billion rubles.

However, cryptocurrency trade in Russia not only immigrants, so the authorities are trying to find a way to settle the market. Another government initiative to create a “white list” of companies working in the field of cryptocurrency and blockchain. Such firms can provide services to institutions and individuals, write “Izvestia”.

How to regulate crypto — currencies- the example of Russia

The establishment of a register of trustworthy companies in the field of mining, the blockchain technology and the ICO will take Russian Association of blockchain and cryptocurrency (RAKIB). According to the head of the organization Arseniy Salicina, fraud remains a major problem of kryptonyte.

For the first half of 2018 unscrupulous companies have caused to individuals and businesses damage at 270 million rubles, calculated in RACIB. Among them, the Association considers the incompetent entrepreneurs who lose money as a result of errors in the development of services.

The establishment of a register of trusted companies will allow market participants to rely on the audited organizations and to minimize the risks. To get into the registry, companies must provide data on financial sustainability, availability of licenses and certificates, the absence of judgments and debts.

While in conversation with the publication of the BCP Litigation lawyer Denis Duraskin said that the adoption of the initiative will not give the expected result.

More effect in terms of the development of the industry can give the operational work of law enforcement agencies and timely bringing fraudsters to justice.

What will result from the initiative, time will tell. Yet go into surveillance mode.

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