|
Briefing
|
- ICO Business Research Group – Newly established group comprised of financial and non-financial institutions, as well as venture companies, proposed guidelines for Initial Coin Offerings (ICOs) in Japan on April 5, 2018
- ICO Definition – Refers to all financing activities involving cryptocurrency, including preliminary sale activities
- Three ICO Types – Include venture company, ecosystem with multiple corporations and government entities, and large company in-house project
- Greater Transparency – Requires issuers to define and disclose rules on distribution of procured funds, profits, and residual assets to token investors, shareholders, and debt holders
- Investor Protection – Identity of token buyers and issuers should be confirmed, cryptocurrency exchanges should be listed, insider trading must be restricted, and parties involved should adopt cybersecurity practices
- Deliberation – Proposed rules will be deliberated by Japan’s Financial Services Agency and could become law in future
|
|
Accelerator
|
|
|
Market Disruption
|
|
|
Sector
|
Financial Services
|
|
Organization
|
Japan Financial Services Agency, Japan ICO Business Research Group
|
|
Source
|
-
Hagiwara, Y. and Nakamura, Y., "Japan unveils guidelines for allowing initial coin offerings",
-
"Call for Rule-making on ICO,"
-
Delahunty, T., "Japanese authorities legitimize ICO market through increased regulation",
-
Wood, A., "Japanese research group establishes guidelines for ICO regulation",
-
Browne, R., "Japan is planning new rules for legalizing controversial cryptocurrency fundraising",
-
AcceleratingBiz analysis
|
|
Original Publication Date
|
April 5, 2018
|
