Afraid of ICOs? Bankers Heap Criticism on Token Tech at Exchange Event
While the ICO market continues to heat up, two top banking executives have spoken of their concerns about the technology.
Two of Russia's largest banks are planning to launch a cryptocurrency portfolio product for their private banking clients, Kommersant reported.
The Russian Association of Corporate Treasurers is joining the nation's central bank in trialing the government-run Masterchain blockchain platform.
The Bank of Russia has successfully concluded an experiment in conducting ICOs, though questions remain as to their legality in the nation.
A senior official at Russia's central bank has said blockchain technology is immature but may have industrial-scale applications.
The Bank of Russia and the country's Finance Ministry have reportedly resolved a disagreement over the specifics of a proposed cryptocurrency law.