Is Japan Legalizing ICO’s? Japan has now proposed guidelines with the view of legalizing ICOs in the country.

The proposal comes from the ICO Business Research Group, a Japanese government-backed group that’s part of the Center for Rule-making Strategies (CRS). The group released a report recently that offers “rules needed to establish ICO as a sustainable financing mETHod.”

The report states:

“ICO is still in its infancy and has no industry practices yet. Appropriate rules must be set to enable ICO to obtain public trust and to expand as a sound and reliable financing mETHod. Based on a shared awareness of this necessity, financial institutions, non-financial companies, and venture companies have co-founded the ICO Business Research Group.”