Japanese Village Plans to Hold ICO to Revitalize Local Economy

[kreslik.news]

The local government of a Japanese village named Nishiawakura is considering a municipal ICO to raise funds in order to revitalize the region.

Nishiawakura is located in the Aida district of the Okayama Prefecture. This small village has a population of only about 1,500 spread across nearly 58 square kilometers, of which 95% is covered in forest.

The local government has partnered with three private firms and initiated the research and planning of a proper and effective model to conduct the initial coin offering.

The official announcement translates: “We have actively worked on unique measures to revitalize the region. In order to continue ... (read more)