Sberbank Attempts to Launch Russia’s First Initial Coin Offering

[Vladar49]

Sberbank CIB in a partnership with National Settlement Depository (NSD) has announced their intention to set up an Initial Coin Offering (ICO) in the Bank of Russia’s regulatory sandbox. The issuer of the digital currency will be Level One, that operates the largest lecture hall on Moscow’s financial market.

“Sberbank CIB considers the Russian ICO market to be very promising. Many Sberbank clients are interested in this type of investment, and we plan to promote this service proactively once the appropriate legislative framework comes into effect; we will be one of the drivers to institutionalize and popularize this type of transaction,” Igor Bulantsev, Senior Vice President of Sberbank, Head of Sberbank CIB, explains.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/sberbank-attempts- ... -offering/