RAKIB will deal with certified traders of the cryptocurrency

Certification cryptocurrency traders in Russia will be engaged in the Committee on trading, which will be headed by Vice-President RAKIB Andrei Grachev.

The main objectives of the Committee’s work will be the preparation of the legislative and tax base, the definition of standards, competence assessment and certification of traders as well as the creation of a centre of training and qualification courses for traders.

According to expert estimates, the country now has about 8.4 thousand traders specializing in cryptocurrencies. For every trader now accounts for an average of 6 million rubles. The total volume of the Russian market of management of crypto-currency capital amounts to about 50 billion rubles.

The formation of standards in this area will help to protect the interests of traders and investors. It is planned that by the end of 2018 on the basis of RAKIB will create a competence centre, addressing to which a trader can improve his skills and competencies. This will affect the income of all market participants.

«Our first priority should be the formation of a uniform and clear industry standards, focusing on which market participants could distinguish from the mass of the most prepared professionals able to manage the funds of investors and promotes the formation of a civilized market of cryptocurrency trading. Our goal is to increase the share of successful traders from 20% to 30%, it will protect investors ‘ money and to increase the industry’s earnings by 6-10 billion annually,» said Andrei Grachev.

«The Russian market is living and developing in line with global trends, principles and forms of self-regulation involves a gradual purification of the industry from dishonest participants and increase the number of responsible professionals. RAKIB is trying to accumulate foreign experience and developments of national experts to improve the quality of work in various fields, be it ICO, blockchain technology or cryptocurrency trading. We are open for cooperation and ready to offer our assistance to all stakeholders working in the strategic perspective,» says President RAKIB Yuri Pripachkin.

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