06.04.2018
614

Call for Rule-making on ICO Proposal by Japan’s Academia

Based on a shared awareness of necessity, financial institutions, non-financial companies, and venture companies have co-founded the ICO Business Research Group in Japan. Research Group established the rules that may be set to enable ICO to obtain public trust and to expand as a sound and reliable financing method. 

Research Group defined terms as follows:

  • Token : A unit of value which is electronically issued by an issuer to an investor in exchange for payment of cryptocurrency. 
  • Listing : An act of including a token in the list of tokens that can be traded at a cryptocurrency exchange.
  • Preliminary sales : An act of issuing tokens to investors before they are listed.

This report recommended essential solutions such as restricting insider trading, enhancing cybersecurity and identifying industry investors to check money laundering.

 

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