Today, the number of various blockchain projects is constantly growing opening new opportunities for enhancing all the spheres of our life. But with the growth of the number of such projects it becomes more and more difficult to introduce an idea that will be bound to succeed. project is one of those ideas that worth to be mentioned among the most promising ones.
RusGas is a start-up that is aimed at transforming the gas industry through funding and implementation of researches in the sphere of natural gas production, its processing, storage, and transportation.
While the majority of energy projects are dealing with the renewable hydro and solar energy sectors, RusGas is to be implemented in an absolutely specific sector. The key focus is made on scientific developments in the infrastructure of small and medium-sized fields in Eastern Siberia.
The authors of the project have paid their attention to the fact that gasification of concrete zones of the region is a more realistic idea than any efforts to utilize renewable energy sources there. As we can see, RusGas team does not striving to inspire investors to join the project exclusively based of modern trends in the industry.
Moreover, RusGas is going to be engaged in “assets tokenization” in the full sense of this word combination. Investors’ tokens will be guaranteed with real assets. As investments are expected to be made on the base of real materials and technical resources.
A lot of projects offer its investors immediate sale of energy savings in local markets, even including some variants of speculative trading. RusGas project is focused on much deeper issues. The tokens holders will have an opportunity to choose different directions for their investments, among possible directions are financing of a specific gas volume extraction or financing of the entire chain from the deposit to the sale of polymers.
team will also include a strong trade and consulting department like major banks and investment companies usually have. These professionals will help investors to opt for the most appropriate strategy taking into consideration their capacities, interests and expectations.
Thanks to the specificity of the projects and its result-oriented ideas, the team expects institutional investors to join the project. Their participation is extremely important for the success of such a large-scale project in the gas industry. Application of new working mechanisms can be possible only with ready elements of the future infrastructure that represent the interest for institutional investors.
One more reason why RusGas project team hopes to succeed is that they have chosen a good time for their ICO (at the moment pre-ICO round is alive) when all the consequences of the autumn-winter volatile period have already gone away, and investors can be sure that a new crypto currency is likely to survive and stay afloat.
Without any doubts, it is obvious that the financial aspect is the most important one for investors. That’s why RusGas has developed a way for investors to earn on the implementation of scientific solutions for cleaning gas energy which will help to reduce gas volumes ineffectively burnt in torches.
Taking in consideration all the above-mentioned competitive advantages of the project, it is said that RusGas has significant chances to achieve its goal to raise 60 million USD during its ICO, though the sum of 25-30 million USD seems to be more realistic to collect.
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The Japanese financial regulator has revised its rules and procedures for registering cryptocurrency exchanges following the hack of Coincheck and the inspections that revealed many inadequate security measures of multiple exchanges. The regulator says its aim is to rebuild the crypto industry.
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Strengthening Exchange Review Process
The Japanese Financial Services Agency (FSA) has reportedly strengthened its rules and procedures for approving the registrations of cryptocurrency exchanges, local media reported.
According to the Sankei Shimbun, the FSA “will strengthen the registration review” process for companies that have applied for registration but have not been approved. These companies, known as “quasi-operators” of cryptocurrencies, have been allowed to operate while their registrations are under review.
For registrars that pass the initial examination process, the agency will “proceed with [their] on-site inspections,” the news outlet detailed, adding that:
As a result of the inspection, it is a policy [of the FSA] to strongly seek ‘withdrawal’ from exchange companies that do not show improvement.
The process will help avoid a repeat of Coincheck’s situation since the hacked exchange applied for a license in September of last year but was allowed to keep operating as a quasi-operator. Coincheck has recently been by Monex Group.
Rebuilding Crypto Industry
The FSA strengthened its rules after inspecting all quasi-operators and uncovered many inadequate security measures across multiple exchanges. Consequently, five companies have already their applications and some exchanges were ordered to operations. According to Jiji Press, the agency additionally revealed on Friday that another exchange, Campfire, is also “showing a willingness to withdraw its registration application.”
Some exchanges that have obtained licenses from the agency have also been inspected, including Quoine, Tech Bureau, and GMO Coin, the news outlet added. Tech Bureau and GMO Coin have already received from the agency. “We mainly examine the system of protecting users, the auditing function, which we do not know by reporting alone, whether they are exercising corporate governance by properly separating management and execution,” the FSA detailed.
Furthermore, over 100 companies are reportedly to enter the cryptocurrency exchange business, the Sankei Shimbun noted. Among them is which operates one of the world’s most popular chat apps, Line.
What do you think of Japan tightening rules on crypto exchange registration? Let us know in the comments section below.
Images courtesy of Shutterstock and the FSA.
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