In order to promote domestic blockchain and cryptocurrency-related businesses, the Japan Cryptocurrency Business Association (JCBA) has published its "Recommendations on New ICO Regulation" on Friday, March 8.
The recommendations on Initial Coin Offerings (ICOs) regulations issued by the JCBA — a local industry trade group — focus on three main topics: the expansion of cryptocurrency in Japanese domestic exchanges, as well as the definitions of and regulations for utility tokens and security tokens.
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