The Moscow Exchange Will Handle ICOs

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The Moscow Exchange (MOEX) is getting ready to allow companies conduct Initial Coin Offerings (ICO) later this year.

According to reports, the exchange is preparing an infrastructure that will allow companies to publish token sale info and participate in ICOs.

Alexander Afansiev, Moscow Exchange CEO explained:

“Right now we’re looking at this from the point of view of fiat currencies, because cryptocurrencies don’t have the status of a legally protected asset. If they obtain that status, we will place them in our system as well.”

The exchange won’t actually list tokens, but will provide information about the responsibilities of those issuing tokens. It will also show descriptions of selected tokens and ICOs to investors.

Afansiev said that the exchange is currently researching whether there is enough interest in future contracts for ICOs. It may offer them if the demand is sufficient.

The MOEX

The Moscow Exchange trades in bonds, commodities, currencies, derivatives, equities and money market instruments. The total trading volume was RUB 71.1 trln ($1.13 trillion) in May 2018 across all markets.

 

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