13
February2018
Elina Sidorenko: First ICO with legal expertise to be held in Russia

Elina Sidorenko: First ICO with legal expertise to be held in Russia

Elina Sidorenko, head of the Russian working group of cryptocurrency risk assessment reported that the release of RMC tokens may be the beginning of legitimate ICOs in Russia, ForkLog reports.

She called the ICO of RMC the first one in the jurisdiction of the Russian Federation, which includes legal, economic and technical expertise. Elina Sidorenko will take part in the expert evaluation of the project herself.

“Within the project, tokens will become markers of participation in a kind of a club, and the cryptocurrency will be only a mean for applying the discount. It is thanks to the nature of digital assets that such a project has the right to be carried out on the territory of the Russian Federation. In fact, there will be a contract for services provision between the company and customers. Therefore, if a conflict occurs, the parties will be able to seek legal redress”, said Elina Sidorenko.

She also said that it is very important to give expert assessment of such projects, while Russia has no official legislative control of ICO.

“I believe that it is not worthwhile to carry out local projects in foreign jurisdictions, when there is an opportunity to do it in Russia. Soon, we will be able to protect investors”, said Elina Sidorenko.

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