Bitcoin Forum
December 16, 2017, 02:26:27 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2017-10-30]ICOs in Japan May Fall Within The Scope Of The Payment Services  (Read 1705 times)
Vialaia
Full Member
***
Offline Offline

Activity: 231


View Profile
October 30, 2017, 12:39:06 PM
 #1

Initial coin offerings (ICO) can be regulated by several current laws in Japan. This stated in the official statement of the Japan Financial Services Agency (FSA).

As the regulator explained, ICOs may fall within the scope of the Payment Services Act or the Financial Instruments and Exchange Act. FSA said in a statement:
If an ICO has the characteristics of an investment and the purchase of a token by a virtual currency is practically deemed equivalent of that by a legal tender, the ICO becomes subject to regulations under the Financial Instruments and Exchange Act...

Read more https://bit.news/eng/icos-may-fall-within-scope-payment-services-act-financial-instruments-exchange-act/
1513391187
Hero Member
*
Offline Offline

Posts: 1513391187

View Profile Personal Message (Offline)

Ignore
1513391187
Reply with quote  #2

1513391187
Report to moderator
1513391187
Hero Member
*
Offline Offline

Posts: 1513391187

View Profile Personal Message (Offline)

Ignore
1513391187
Reply with quote  #2

1513391187
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513391187
Hero Member
*
Offline Offline

Posts: 1513391187

View Profile Personal Message (Offline)

Ignore
1513391187
Reply with quote  #2

1513391187
Report to moderator
junoreactor
Full Member
***
Offline Offline

Activity: 140



View Profile
October 31, 2017, 04:38:45 AM
 #2

Very good news. Way too many ICOs, it is becoming out of control and needs regulations, good move from Japan.
As a Bitcoin holder, I won't complain if all countries act the same way  Smiley

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!