Federal'nyy medicinskiy biofizicheskiy centr im. A.I. Burnazyana Federal'nogo mediko-biologicheskogo agentstva Rossii
VAK Russia 5.2.3
VAK Russia 5.2.4
VAK Russia 5.2.5
VAK Russia 5.2.6
VAK Russia 5.2.7
UDC 336.761
ICO (initial coin offering) is a method for startups to initially list their products on virtual cryptoasset exchanges. In the first half of 2020, startups focused on improving the efficiency of processes in the real economy, primarily those resulting from innovative R&D solutions, have been most active in the ICO process. This article presents a proprietary organizational and economic mechanism for the ICO of import-substituting startups—results of potentially effective R&D solutions—that provides for the active participation of a state-owned credit institution in the development and implementation of this investment and innovation initiative. Recommendations are provided for improving Russian legislation aimed at ensuring the comprehensive implementation of the proposed mechanism, including regulations governing industrial policy, the issuance and circulation of digital assets, and the operation of virtual investment platforms.
design and engineering activities, startup, ICO, import substitution, project lending, crypto asset, investment platform, virtual capital markets
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