Japan’s Finance Watchdog Eyeing ICO Regulation, Says Report

Japan’s Financial Service Agency is considering the revision of relevant laws and regulations in an effort to regulate ICOs in Japan, amid the growing popularity of token sale activities within the territory.

The report indicates that Japan currently has no clear regulations covering ICOs specifically, while the existing bitcoin payment law that went into effect last April is not sufficient to define the legal status of some ICO activities.

The FSA has already started monitoring ICOs that target Japanese investors and are deemed suspicious by the agency.

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