# kaal:claim:3117224-023

**Claim.** The Central Bank of Russia has indicated that regulation of ICO and cryptocurrency technology is premature and has therefore declined to issue any regulations controlling ICOs, cryptocurrency, or DLT.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- Russian Federation
- as of publication

**Source quote.**

> At the time of publication, the Central Bank of Russia has indicated that the regulation of this technology is premature. For this reason, the Central Bank of Russia has declined to put forth any regulations to control ICO's, cryptocurrency, or DLT.

**From.** Wulf A. Kaal, *Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses* (2018), IV. Regulatory Responses, page 13

**Cite as.** Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018). SSRN: https://ssrn.com/abstract=3117224

**Verify.** sha256 of source PDF `83e9ccb9219a217d9fcfc5c098b897229ee7cf85623bee3ae22d2e986548466b` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202018%20-%20Initial%20Coin%20Offerings%20The%20Top%2025%20Jurisdictions%20and%20Their%20Comparative%20Regulatory%20Responses.pdf

**Topics.** systemic-risk

**Keywords.** russia, central-bank, regulatory-forbearance, cryptocurrency

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