NFT Collection The Superlative Secret Society Price, Stats, and Review
Darknet markets saw crypto revenues rise in 2023 despite global crackdown
BTC, ETH navigate market shifts as KangaMoon enters the spotlight
Yolo Investments backs TON in widespread $8m investment
Detained Binance’s executives sue Nigerian government, report says
From Ordinals To Runes: Bitcoin’s Major Update Arrives With Halving
Sentenced to 25 years prison: Sam Bankman-Fried the Wunderkind of cryptocurrencies
Cardano Founder Charles Hoskinson Offers Spicy Take On Sam Bankman-Fried Case
Analysts expect Algotech to beat Cardano price forecast in 2024
SWIFT Plans to Launch CBDC Interconnection System in Next Two Years
Bitcoin Cash Trading Escalates as Second Halving Event Nears
Bitcoin To Skyrocket by Over 110% if History Repeats, Says Hedge Fund Veteran Mark Yusko – Here’s the Timeline
XRP Price: Whales Shuffle 153 Mln Coins Echoing Frenzy, What’s Next?
Arcas Champions ‘power to players’ game launches beta on Gaimin
Call of Duty Cheaters Allegedly Lose Their Bitcoin as Hackers Target Gamers With Malware
Ethena’s Prelaunch Futures Surge 22% as ENA Token Is Set To Go Live Next Week
BDAG Presale Hits $9.9M Tops ApeCoin Partnership & SEI Price Rally
Bitcoin’s halving is coming – Does this mean good news for Solana, LINK?
XRP Price Holds Support – Indicators Show Risk of Downside Break
“The Colosseum” – GAIMIN’s Web3 Membership Program for Esports Fans
Cardano: Explaining if ADA is a must-watch for April
Shiba Inu Community Reacts As Binance Calls Everyone ‘NFTs,’ SHIB To Reach $0.01?
Ethereum Price Gearing For Another Lift-Off to $4K: Increase Isn’t Over Yet
$62 Million Munchables Hack: Rogue Developer Returns All Funds, No Ransom Demanded
Japan’s Financial Regulator to Introduce New ICO Regulations
The Japanese Financial Services Agency is introducing new, stricter ICO regulation to protect investors.
Japan’s financial regulator is set to introduce new Initial Coin Offering (ICO) regulations to protect investors from fraud, local news outlet Jiji Press reported Dec. 1.
According to “informed” sources cited by Jiji, business operators conducting ICOs will be required to register with Japan’s Financial Services Agency (FSA).
The agency is reportedly planning to submit bills revising financial instruments, exchanges and payment services laws to the ordinary parliamentary session that starts in January.
This action has been undertaken “in view of a number of possibly fraudulent ICO cases abroad” as a way “to limit individuals' investment in ICOs for better protecting them.”
A study reported by Cointelegraph this July identified 80 percent of the ICOs conducted in 2017 as scams.
As Cointelegraph Japan reported last month, the FSA Study Group on Virtual Currency Exchange industry conducted its tenth meeting to discuss ICOs. The tokens emitted during ICOs where classified into three categories: virtual currencies without issuer, virtual currencies with issuer and tokens with issuers that are also obliged to distribute revenues.
According to the report, the first and second token classifications are subject to settlement regulation such as the Financial Instruments and Exchange Act. The third of ICO tokens is subject to investment regulations like the Financial Instruments and Exchange Act.