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2018 Japanese ICO reviews


2018 Japanese ICO reviews
Recently the regulations against ICO in each country are getting tighter. The situation is similar in Asian countries, and the country is strengthening regulations on projects and investors through institutions.

 

Even in Japan, the Financial Services Agency is strengthening regulations on ICO and Cryptocurrency — Exchange, and investors and start-up companies are closely watching the trend of the country.

 

Start-up companies planning ICO have headquarters in countries that have less strict regulations such as Malta and Mongolia. However, in this case it is necessary to observe local laws, prepare for going to the site to set up a bank account for establishing a corporation, and arranging staff on site. Originally unnecessary expenses will accumulate, so the existence value of ICO is getting less for the project.

 

On the other hand, however, interest in block chains has not diminished, and companies have taken the initiative to initiate introduction. At the local government level, Tsukuba City first succeeded in utilizing the ERC block chain for voting for support projects for the first time in Japan.

 

It is attracting attention as one that breaks the present situation of Japan with a low election voting rate globally, and it seems that many municipalities will follow up.

 

In addition, Rakuten, a large Japanese company, also began registering as a Cryptocurrency — Exchange trader.

 

ICO was regulated because it was focused only on fund procurement. In the future, however, ICO will be attracting attention again from a technical point of view based on the success stories of such municipalities and enterprises. This is clear light if we take into account the practices of Japan that will rehabilitate the system considering precedents. And it will be a good start for excellent startup companies and the heat to ICO and ICCO will gradually recover.

 

11 Mar 2019



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