Japan’s Financial Authority Clarifies Stance on Initial Coin Offerings

The Japanese Financial Services Agency (FSA) has issued a statement regarding initial coin offerings (ICOs). In addition to risk warnings, the agency detailed how two existing laws may apply to token sales. Also read: Chinese Exchanges Seek Second Chance in Japan and Other More Crypto-Friendly Countries Japan’s FSA issued a statement on Friday, articulating its position on initial coin offerings. Essentially…

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Singapore won’t regulate cryptocurrencies, remains alert to risk: MAS chief Ravi Menon

Singapore doesn’t plan to regulate cryptocurrencies such as bitcoin, but will remain alert to money laundering and other potential risks stemming from their use, the head of the country’s central bank said. “As of now I see no basis for wanting to regulate cryptocurrencies,” Monetary Authority of Singapore Managing Director Ravi Menon said in an interview. Rather, the central bank’s…

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Putin Mandates Crypto and ICO Regulation Be Finalized by July 2018

Russia’s president Vladimir Putin has issued orders pertaining to the regulation of cryptocurrencies, initial coin offerings (ICO), and cryptocurrency mining. He wants changes made to the Russian legislation to regulate cryptocurrencies and tokens. Mining operations will also be registered and taxed. The prime minister and the central bank governor will be responsible for completing the orders by July next year….

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Japan’s GMO Plans to Sell 7nm Bitcoin Mining Boards Using Token Sale

Japanese internet giant GMO has announced a plan to sell its “next-generation mining boards,” equipped with 7nm ASIC chips through an initial coin offering (ICO) next year. Japanese conglomerate GMO Internet announced on Wednesday that its bitcoin mining business will launch an initial coin offering (ICO) next year. The purpose of the token sale is “to sell next-generation mining boards,” the company…

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