Japan Proposes Guidelines to Legalize ICOs

Japan Proposes Guidelines to Legalize ICOs
A working group backed by Japan’s government has proposed new guidelines intended to legalize and regulate initial coin offerings (ICOs).

In a report published April 5, Japan’s ICO Business Research Group — a task force that includes lawmakers, academics, bankers, and the chief executive of bitFlyer, Japan’s largest cryptocurrency exchange — called for the government to legalize ICOs and adopt clear industry rules and practices that encourage growth but also protect investors.
“ICO is still in its infancy and has no industry practices yet, ...
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