An official of the Bank of Russia told a conference this week the bank successfully conducted an experiment on issuing its own token, the state-run news agency TASS reported.

CoinDesk said the test was originally announced in May, when Russia’s largest state-funded retail bank, Sberbank, said it was working on a test ICO with Russia’s National Settlement Depository.

Ivan Semagin, deputy director of the financial development department of the Bank of Russia, said that “an experimental ICO based on the existing infrastructure” of the bank had been successfully tested, but there were still some issues “from a legal point of view,” which he did not detail. Read more here.

ThirtyK Staff
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