Japan to Tighten ICO Regulation

All the organizers of the ICO will have to be registered with the local watchdog
03 December 2018   846

The Financial Services Agency of Japan (FSA) is planning to introduce new rules for the regulation of ICOs to protect cryptocurrency investors. It is reported by the Cointelegraph, citing the local news publication Jiji Press.

The publication quotes "informed" sources, according to which all the organizers of the ICO will have to be registered with the FSA.

In addition, the agency plans to introduce new bills, which will revise the rules for exchanges, payment services and other suppliers of financial instruments. It is expected that this will occur in January, when the parliamentary session starts.

It is argued that the regulator is taking this step in the light of several potentially fraudulent projects conducted outside of Japan. In particular, in order to better protect private investors, the agency intends to limit their investments in ICO.

In October it was reported that the FSA plans to set a limit on the size of leverage during cryptocurrency trading in order to reduce risks and market speculation. This measure was also recommended by the of Japan Virtual Currency Exchanges of Association (JVCEA), which had previously received the status of a self-regulating organization.

Earlier this week, the US Securities and Exchange Commission (SEC) fined the famous American boxer Floyd Mayweather and music producer DJ Khaled for promoting ICO of Centra Tech in social networks. In particular, the regulator found that celebrities hid the fact that the organizers paid them for advertising tokens.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   408

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.