The Moscow Exchange (MOEX) is preparing infrastructure that will allow companies to conduct ICOs which it expects to launch this year. CEO of MOEX, Alexander Afanasiev stated the exchange will not enlist tokens. He added, “Right now we’re looking at this from the point of view of fiat currencies, because cryptocurrencies don’t have the status of a legally protected asset. If they obtain that status, we will place them in our system as well.” The Moscow Exchange trades in equities, bonds, derivatives, currencies, money market instruments, and commodities, with a total trading volume around $1.1 trillion, as of May 2018.