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The Russian State Duma is preserving a tender for an in depth analyze almost about cryptocurrency, blockchain technology, and initial coin offerings (ICOs). The executive will pay the winner 2.5 million rubles out of the federal finances. The closing date for submissions is October 10.
additionally examine: financial institution of Russia Opposes Cryptocurrency Legalization, concerned About ‘loss of handle’
Calling Crypto Researchers
based on the Russian government’s public procurement web page, the State Duma is holding a tender for the implementation of an expert-analytical examine on monetary applied sciences, including the cryptocurrency market, ICOs, and blockchain technology, native publications suggested on Friday.
The cut-off date for functions is October 10. every submission may be reviewed and evaluated on October 17. The contract’s winner will acquire an initial highest charge of two,498,800 roubles, price about $ 43,four hundred USD. The source of the financing is listed as the Russian federal finances.
enterprise online elaborated:
The winner of the contest will must habits a market evaluation of cryptocurrencies…and analyze the opportunity of the use of ICOs as an choice channel for attracting investments.
What the analysis may still Entail
The legit phrases of reference for this task state that the winner should “habits a significant analysis of the newest fiscal applied sciences,” which comprises blockchain technology, cryptocurrency, and ICOs. It specifies that the document should still “explore the 
must haves for their appearance, determine their potentialities for the Russian monetary market, as well as the probability of further integration of the Russian and international economic markets under diverse processes to the regulatory application of modern financial applied sciences.” moreover, any competencies threats and dangers that could “cause negative penalties for the economic climate” should be recognized.
The look at should still also consist of an evaluation of how ICOs will also be used as “a sustainable alternative channel for mobilizing investment supplies in the market of alternative investments and increase methods to the formation of a regulatory framework for their selected regulation.”
ultimately, the tender requires the winner to “increase proposals for countering threats and risks with gadgets of state law.”
foundation for legislations
another a part of the phrases of reference describes the aim of the assignment:
The effects of the work should be used through the State Duma of the Russian Federation to kind a equipment of legislative initiatives to integrate essentially the most promising financial applied sciences within the Russian economic market and to legislatively be certain their building and law.
presently, both the imperative bank and the finance ministry are drafting legal frameworks for cryptocurrency. information.Bitcoin.com recently pronounced on the finance ministry drafting a invoice to legalize cryptocurrencies equivalent to bitcoin, which is expected by means of the end of the yr. despite the fact, the valuable bank has spoken against the legalization of cryptocurrencies, stating that “we can no longer permit using cryptocurrency as a funds exchange.”
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