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Stock impact report

CryptoWatch: Japan explores ways to formally regulate cryptocurrency ICOs [MarketWatch]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: MarketWatch
Japan explores ways to formally regulate cryptocurrency ICOs As U.S. government watchdogs increase scrutiny of initial coin offerings, or ICOs, Japan is exploring ways to formally regulate the form of venture-capital fundraising. In a proposal by Tama University and the Center for Rule-making Strategies, the members set out guidelines that would create rules needed to “establish ICOs as a sustainable financing method.” Read: What is an ICO? The research group, which included Japanese lawmaker Takuya Hirai, presented two principles aimed at addressing misunderstandings around ICOs. The first principle would require issuers to disclose conditions around, and any changes to, the distribution of funds, profits and residual assets to investors. Second, issuers should provide a means for potential investors to track the progress of the venture set out in the so-called white papers, which outline the purposes, goals of the project as well as technology and financial details of the ICO. Ho Show less Read more
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