Japanese government making tangible progress moving towards legalizing ICOs.

Japan:

A global crypto powerhouse.

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They were early to adopt Bitcoin and crypto officially as payments in their policy, which was big news a year ago.

While the United States continues to issue ambiguous statements on utility tokens, the Japanese government is making tangible progress as it moves towards legalizing ICOs.

A government-backed study group has laid out basic guidelines for ICOs, including rules for: identifying investors; preventing money laundering; tracking progress of projects, and protecting existing equity and debt holders.

Notably, the report avoids identifying the tokens issued in ICOs as financial securities.

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Source:

https://www.bloomberg.com/news/articles/2018-04-05/japan-plans-first-step-toward-legalizing-initial-coin-offerings?utm_source=twitter&utm_content=crypto&utm_medium=social&utm_campaign=socialflow-organic

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