Japan to Regulate ICO
March 1, 2018
Financial regulator of Japan considers establishing legal framework for companies gathering funds via ICO.
As Sankei Shimbun noted, the Financial Service Agency plans to revise corresponding laws and standards for regulating ICO activity in Japan in the context of growing popularity of token selling cases.
The report says, Japan today has got no clear-cut rules for ICO while the already existing law on bitcoin payments is insufficient for fixing legal status for some ICO.
Shift towards probable regulation is at the same time a follow-up of the FSA statement in October last year when it emphasized grave risks of investing into ICO.