It is clear that Japan is one of the most active cryptocurrency countries on earth. With the United States and South Korea, Japan integrates the top three podium of countries with the most activity in the crypto market. Now, local legislators have unveiled some guidelines that Initial Coin Offerings (ICOs) should follow.
The messaging app’s popularity has however come under scrutiny from a faction of government officials who are now pushing for its ban in Iran to strengthen other locally developed messaging apps.
Different countries are starting to implement regulations on cryptocurrencies and blockchain technology. At the same time, one of the most controversial points to regulate are Initial Coin Offerings. There have been several scams and other fraudulent activities around this new crowdfunding method. Now, the Russian Ministry of Telecom and Mass Communications, prepared guidelines for Initial Coin Offerings (ICOs).
The Asian country has just approved a draft decree that regulates cryptocurrencies and initial coin offerings (ICOs). This is an important step for crypto-related enterprises located in the country, that will have to obtain licenses and report sensitive information to comply with Anti Money Laundering policies (AML).
Taklimakan Network to Collaborate with Linker Coin in a Bid to Bring Cryptocurrency into the Mainstream
Taklimakan Network, the blockchain finance and educational tool connecting amateur investors with industry experts, announced today that they have signed a memorandum of understanding (MOU) with Linker Coin, a multi-currency exchange that simplifies cryptocurrency trading for everyone.
81% of all Initial Coin Offerings currently are scams. This is according to a study carried out by Satis Group, an ICO research and advisory firm. The highest percentage of failed ICOs were those with a market cap of $50-$100 million which was the lowest tier tracked.