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Japan Wants to Allow Crypto ICOs [video]
- brad0 9y agoCan someone please mark this with [video]
- sctb 9y agoUpdated. Thanks!
- brad0 9y agoSurely they’re allowing ICOs so that their economy starts moving again?
- platinumrad 9y agoThe Japanese economy is doing quite well actually: https://www.nytimes.com/2017/11/14/business/japan-economy-gdp.html https://www.nytimes.com/2017/11/14/business/japan-economy-gd...
- s73v3r_ 9y agoI mean, it's not like the US doesn't. It's just that, practically speaking, there are very few differences between an ICO and an IPO, so there's really no reason why they shouldn't be considered a security.
- zitterbewegung 9y agoI agree with your distinction but, its mainly the issue of ICOs not issuing a S-1 with the SEC since they are primary being used to generate funds (legal or not legal). The Ethereum website has as their "hello world" demos on their website how to make your own token. Obviously not everyone is playing by the rules because we should be having a whole bunch of S-1s that should have been filed.
- kolinko 9y agoWith over 20k tokens released so far, perhaps this is what should be done. DDOS-ing a SEC would be a nice way to force them to make explicit exceptions for fundraisings of a certain size. In Europe, from July 21st 2018, you'll be able to do equity crowdfunding below €1M with no prospectus and registration - Kickstarter style. Above that, but below €8M, states will have an option to have extremely simplified procedure, and many of them will take that option (Germany €8M, Poland €5M, and so on).
- TheSpiceIsLife 9y agoWe'll see how long that lasts, as it has, a la Cobra effect, the potential to make it many times easier to fleece people.
- elros 9y ago> In Europe, from July 21st 2018, (...) That's very interesting. Do you have any authoritative source that you could share? I'd like to learn more about it. Thanks!
- wycs 9y agoThe main difference with an ICO is people will give you money in exchange for no equity.
- farnsworthy 9y agoInterested parties: https://www.scribd.com/document/375623623/Call-for-Rule-making-on-ICO-Proposal-by-ICO-Business-Research-Group https://www.scribd.com/document/375623623/Call-for-Rule-maki...
- volkl48 9y agoI'm skeptical of Bloomberg's take, or at least that the details will really match it. I've loosely dealt with Japanese financial regulations (while working on some projects in the insurance industry). My impression and the impression I got from people working much more closely with said regulations than me, is that they're very strict and rigid, much more so than working with US regulations. I think it's likely that they might "allow" them, but with strict and stifling regulations that eliminate most interest in them.