Japan’s Crypto Association Paves New Path for ICO Regulation
Japan’s Crypto Asset Business Association (JCBA) is leading a revolution in the Initial Coin Offering (ICO) market with its latest initiative. Driven by a solid partnership with Web3 firms, the JCBA has proposed a redefined framework for Initial Exchange Offerings (IEOs) and ICOs. In an effort to bring transparency and stability to the ICO landscape, the proposal focuses on improving the price calculation process, enhancing liquidity, stabilizing operations, and implementing on-sale restrictions.
Shared with the Japanese Business Association, these recommendations mark the first step towards potential nationwide acceptance. The JCBA believes this future-oriented approach to ICO regulation will align the crypto world more closely with traditional IPO practices, ensuring a balanced and stable market environment. Yoshihiro Yoshida, Chairman of the JCBA ICO/IEO Committee, underlines the importance of adopting stringent measures for customer protection and market efficiency, similar to those common in the IPO market.
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