As noted by German Klimenko in his speech, the issue of cryptocurrencies, blockchain and ICO is of great interest to business and society because it is a new and very effective mechanism of attracting funds for realization of various projects. In order to build a dialogue with the government in this area, it is necessary to create the related legislative framework.
“In the development of blockchain technology the determining role is that of the business. No investor will come where there are no rules,“ the Presidential Adviser emphasized.
As it was stated during the discussion, in the law on ICO regulation the restrictions on the amounts of funding should be specified in order to minimize the financial risks of private investors, representatives of small and medium businesses.
According to the Vice-President of the Chamber of Commerce and Industry Maxim Fateev, one of the key lines of the Russian Government’s activities in the medium term is the development of the digital economy. For these purposes, in the system of public institutions of the Chamber of Commerce and Industry of the Russian Federation the Council for the development of information technologies and digital economy has been established, as well as an Expert group on cryptocurrency, alternative mechanisms for investment and technologies is currently being assembled, headed by the Advisor to the President of the Russian Federation German Klimenko.
According to the head of the Russian Association of cryptocurrency and blockchain (RAKIB) Yuri Pripachkin, ICO technologies allow to give a boost to a rapid development of the business connected with the solution of social and regional problems. The main goals of RAKIB are the ensuring security of investors ' funds and the creation of the language and conceptual system of the new industry.
At the end of the event an agreement on cooperation between the Chamber of Commerce and Industry of the Russian Federation and the Russian Association of cryptocurrency and blockchain was signed.