Japan Proposes ICO Guidelines to Legitimize Token Sales

[kreslik.news]

In response to global pressure to create more comprehensive regulations on cryptocurrency, the nation of Japan has proposed a new set of guidelines to legalize ICOs.

The guidelines, which were drafted by a government-supported research group, will legally standardize Know Your Customer and Anti-Money Laundering (KYC and AML) requirements. They also include measures to protect existing shareholders and debt holders, to preventinsider trading, and to increase standard cybersecurity practices.

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According to a Bloomberg report, ICO issuers will also be required to show ... (read more)