Статья 'Актуальные вопросы регулирования первичного размещения монет (ICO) в Европейском союзе и Российской Федерации' - журнал 'Юридические исследования' - NotaBene.ru
Journal Menu
> Issues > Rubrics > About journal > Authors > About the Journal > Requirements for publication > Council of editors > Redaction > Peer-review process > Peer-review in 24 hours: How do we do it? > Policy of publication. Aims & Scope. > Article retraction > Ethics > Copyright & Licensing Policy > Publication in 72 hours: How do we do it? > Digital archiving policy > Open Access Policy > Open access publishing costs > Article Identification Policy > Plagiarism check policy
Journals in science databases
About the Journal

Публикация за 72 часа - теперь это реальность!
При необходимости издательство предоставляет авторам услугу сверхсрочной полноценной публикации. Уже через 72 часа статья появляется в числе опубликованных на сайте издательства с DOI и номерами страниц.
По первому требованию предоставляем все подтверждающие публикацию документы!
MAIN PAGE > Back to contents
Legal Studies

Topical Issues of Regulation of the Initial Coin Offering (ICO) in the European Union and Russian Federation

Sundetova Alina Nurlibaevna

post-graduate student of the Department of Legal Regulation of Economic Activity at Financial University under the Government of the Russian Federation

109456, Russia, g. Moscow, pr-d 4-I veshnyakovskii, 4

Другие публикации этого автора




Review date:


Publish date:



The subject of the research is the approaches to legal regulation of initial coin offering (ICO) in the European Union (EU) and Russian Federation. In her article Sundetova carries out their legal analysis and focuses on the degree of applicability of securities regulations to ICO, in particular, whether emitters must publish and register issue prospectus. The researcher focuses on regulation of investment activity using digital technologies in the EU and Russian Federation. The methodological basis of the research includes general research methods such as analysis, synthesis, logical and structured functional analysis as well as special research methods such as formal law, legal modelling and comparative law analysis. The novelty of the research is caused by the fact that the author analyzes such specific form of investment activity as ICO in terms of legal regulation of securities market in the EU and Russian Federation. As a result of the research, the author concludes that today's legal regulation of investment activity associated with the use of digital techhnologies has certain gaps and does not fully defend the rights or interests of investors or entrepreneurs who want to attract funds into their projects via Internet platforms. 

Keywords: companies, investment activities, Securities Market, cryptocurrency, ICO, FinTech, European Union, token, foreign investments, investor
This article written in Russian. You can find full text of article in Russian here .

Preduprezhdenie i publikatsii dlya investorov: [Elektronnyi resurs] // Ofitsial'nyi sait Evropeiskogo upravleniya po nadzoru za rynkom tsennykh bumag.-Rezhim dostupa: https://www.esma.europa.eu/search/site/ICO (data obrashcheniya: 01.04.2019).
Konsul'tativnyi dokument Bazel'skogo komiteta po bankovskomu nadzoru o posledstviyakh fintekh razrabotok dlya bankov i nadzornykh organov ot oktyabrya 2017 goda.-Rezhim dostupa: https://www.bis.org/bcbs/publ/d415.pdf (data obrashcheniya: 01.04.2019).
Court of Justice of the European Union, Judgment in Case C-264/14 Skatteverket v David Hedqvist [Elektronnyi resurs].-Rezhim dostupa: https://curia.europa.eu/jcms/upload/docs/application/pdf/2015-10/cp150128en.pdf (data obrashcheniya: 01.04.2019)
Directive 2006/112/CE du Conseil, du 28 novembre 2006, relative au système commun de taxe sur la valeur ajoutée (JO L347, p.1) [Elektronnyi resurs].-Rezhim dostupa: https://eur-lex.europa.eu/legal-content/FR/ALL/?uri=CELEX:32006L0112 (data obrashcheniya: 01.10.2018).
Iansiti M., Lakhani K. R. The Truth About Blockchain / M. Iansiti, K. R. Lakhani // Harvard Business Review. 2017.-Issue January-February.-pp. 118-127.
Church Z. An MIT expert on why distributed ledgers and cryptocurrencies have the potential to affect every industry // MIT SLOAN SCHOOL OF MANAGEMENT, 2017.-Rezhim dostupa: http://mitsloan.mit.edu/newsroom/articles/blockchain-ex-plained (data obrashcheniya: 01.04.2019).
Link to this article

You can simply select and copy link from below text field.

Other our sites:
Official Website of NOTA BENE / Aurora Group s.r.o.
"History Illustrated" Website