It will obviously be a government agency. As per the news says, it is just a proposal yet, and haven't been started.
The president of IRI (an organization in Russia) Alexei Fyodorov proposed this thing at a meeting. He says that this agency will be to keep investors safe from fake Initial Coin Offerings (ICOs) as many of them just collect money from their investors and disappear. So they will collect all the information about ICOs in Russia and register them in their agency, so that if the company tries to scam the investors, they have their information and investors can be helped through this.
Thank you for summarizing it. Then the suggested agency is for good regulation. This is a good move for Russian Government, Completely controlling these ICO to stop scam ICOs. This will also minimize the numbers of ICOs from Russia and will create a trust from the Community to the ICOs from Russia because CDA will accredit these ICOs. Looking forward for implementation.
If all countries do this, we will definitely see less ico's. A few years ago the projects were definitely a lot more fair and we had a lot less ico's, would be nice to go back to that.