Russia to Develop Protection of ICO Investments

February 20, 2018

Russian commercial bank Globex in cooperation with the Russian Association of Cryptocurrency and Blockchain (RACIB) and the internet-platform CrowdHub is developing a protection system for cryptocurrency investors. Basically, the system is an ICO hub, which will include a protection system of ICO investments. 

The system will work as follows:

  1. RAСIB will recommend its participants to raise funds through the ICO hub;
  2. Startups and investors will register on CrowdHub;
  3. Fiat money will be raised through an escrow account in Globex;
  4. Cryptocurrencies will be raised through a wallet registered on CrowdHub.

This system will help investors to fully regulate their funds, because payments will be made step-by-step and in accordance with the previously developed and specified strategy of a startup. 

The approximate date for launching the project is scheduled for March and after that the organizers plan to continue further development of it.

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