The Ministry of Finance of Russia has published a draft law "On Digital Financial Assets". This Federal Law regulates the relations arising in the creation, issuance, storage and circulation of digital financial assets, as well as the exercise of rights and performance of obligations under smart contracts.According to the bill, Holders of digital financial assets have the right to make transactions for the exchange of digital financial assets of one type for digital financial assets of another type and / or the exchange of digital financial assets for rubles, foreign currency and / or other property only through the exchange operator of digital financial assets. At the same time, these transactions, concluded with the involvement of the operator of the exchange of digital financial assets, which is the organizer of trade in accordance with Federal Law No. 325-FZ of November 21, 2011, "On Organized Tenders", should be carried out in accordance with the Rules for Organized Trading in Digital Financial Assets, registered with the Central Bank of the Russian Federation.
In terms of ICO's the bill defines stages for listing tokens and requirements of public offerings for the release of the tokens. This Federal Law shall enter into force 90 days after the date of its official publication.
Read the bill here: https://tinyurl.com/y87oxben