Central Bank of Russia Developing Crowdfunding Regulations

The Central Bank of Russia has created a working group with experts from the country’s crowdfunding platforms in order to develop a regulatory framework for the crowdfunding industry; the working group will develop regulatory proposals for submission to regulators during the regulatory framework development process; the Russian market appears to be taking a proactive approach as the industry is emerging with 500 million rubles (USD 7,748,755) in total liabilities.  Source

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