Deloitte CIS has entered into a strategic partnership with Waves Platform, a developer of blockchain solutions, to facilitate mass application of blockchain technology by developing legal framework for regulating blockchain projects both in Russia and the CIS.
The deal is aimed at offering customers with comprehensive initial coin offering (ICO) services and customised blockchain solutions tailored for specific business tasks.
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Under the agreement, Deloitte’s legal and tax experts will offer the needed consulting and methodology assistance to businesses and government bodies alike. Apart from that, the partners will also aim to develop the legal mechanisms for regulating ICO projects.
Waves Platform will be responsible to provide technology solutions for the introduction of digital economy tools.
Deloitte CIS director of legal services for technology projects Artem Tolkachev said: “Blockchain technologies are gaining ground, already allowing start-ups, investors and other stakeholders to quickly raise significant funds in cryptocurrencies. However, the cryptocurrency market is relatively young, and not all the regulatory mechanisms are in place. This is why we are glad to cooperate with Waves Platform and are confident that our joint effort will help create the necessary conditions for putting together the legal framework for blockchain projects both in Russia and the CIS.”
Waves founder and CEO Sasha Ivanov said: “Our partnership is a significant step towards mass application of blockchain technology. Presently, blockchain companies are not regulated, as there is no existing legislation as such. Our strategic partnership with Deloitte will allow us to take active part in the formation of this regulatory landscape. It is important to join this process both for us and the entire blockchain industry in Russia and the CIS.”
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