Deloitte CIS and Waves partner to advance initial coin offering (ICO) and blockchain services

Deloitte CIS and Waves
The cryptocurrency market is relatively young, and not all the regulatory mechanisms are in place

Deloitte CIS and Waves have partnered to provide clients with initial coin offering (ICO) services and blockchain solutions tailored for specific business tasks.

Global consulting firm Deloitte CIS and Waves, a leading developer of blockchain solutions recently signed a memorandum on a strategic partnership aimed at providing clients initial coin offering (ICO) services and customized blockchain solutions.

Under the memorandum, Deloitte’s legal and tax experts will provide consulting assistance to businesses and governments that are in the process of implementing technology projects. The company will also begin developing the legal mechanisms for regulating ICO projects, which currently don’t exist, to safeguard companies from project risks and challenges.

Waves, through their innovative Blockchain Platform, will provide technology solutions for the introduction of digital economy tools and assist companies with prioritizing during their marketing campaigns to promote new products.

Waves decentralized platform for crowdfunding has facilitated ICOs for many startups, including MobileGo, ZrCoin, and EncryptoTel. In June 2016, Waves completed an ICO, raising over USD 16 million (30,000 bitcoins). The company’s capitalization currently exceeds USD 400 million.

Commenting on the partnership, Artem Tolkachev, Director of Legal Services for Technology Projects at Deloitte CIS, stated,

“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 CEO & Founder, 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.”

More here [Deloitte]

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