Japanese FSA Warns Foreign Non-licensed ICO

The Japanese financial regulator will be issuing its first warning since the legalization of cryptocurrencies as a method of payment in Japan
12 February 2018   42

The Financial Services Agency of Japan (FSA) requires the ICO platform Blockchain Laboratory from Macau to stop working in the Japanese market. Earlier, the regulator warned the company about the need to obtain a license, but the requirements were ignored. This is reported by Asia Nikkei.

If the regulator's requirements are not met, the FSA intends to initiate a criminal case against the Blockchain Laboratory in cooperation with the police and the Consumer Agency.

Blockchain Laboratory is based in Macau and operates as an initial coin offering agency to raise funds using cryptocurrencies. 

The company’s activities are cryptocurrency and ICO consulting services and conducting seminars to attract investors.

The FSA has advised the company to “halt its business activities in Japan, without success”. According to the officials of the agency, the FSA “will warn the company directly, and name it on the FSA’s home page.” If the operator still fails to comply, criminal charges will be filed.

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TOP-3 Upcoming ICO 11.02 - 17.02 according to our readers

Let’s check which ongoing ICOs from 11th to 17th February are considered the best according to our readers
19 February 2018   121

Our readers are dedicated cryptocurrency enthusiasts and fans of blockchain technology. We provide them with the ability to express their opinion regularly. Let’s check top three ongoing ICO according to our readers.

1. Viola.AI

Harnessing on Artificial Intelligence, Blockchain and trustless Smart Contracts, Viola.AI is set to revolutionize the dating and relationship space in the world. She will be the first dating and relationship A.I. that evolves with the users - creating a global and borderless full loop solution from dating, courtship, relationship to marriage. With the capability to perform deep learning about each user’s personality, background and behaviour, Viola.AI can give them the most relevant and valuable advice, as well as proactively prompt couples before any important relationship milestones and help them solve their challenges early.

Viola AI team had postponed their tokensale. As we understand, this is absolutelly needed in order to get fully ready for the sale. We wish good luck to the team and we will keep our eyes on the project's future.

Public Sale of Viola AI will start on the 14th of March.

2. Thrive

Thrive is using a meritocratic, community-based system that rewards publishers and consumers all over the world. Thrive claims to be the premium decentralized advertisement marketplace you never realized you needed. Using the blockchain to create a safe, rewarding platform where users can buy and sell advertisement space, all the while also rewarding real-life consumers and reviewers who help make the system work, this is digital marketing taken to the very next level.

Thrive
Thrive

At the moment of press, € 8,019,646 raised during the presale! Good result!

3. REMME

REMME is the Distributed Public Key Infrastructure protocol with a set of DApps for Access Management. 65% of confirmed data breaches involve weak, default, or stolen passwords and cybercrime costs the global economy around $400 billion annually. REMME is building the distributed Public Key Infrastructure (PKI) solution, which prevents phishing, server and password breach, and utilize SSL/TLS protocol to protect the entire channel from attack.

REMME ICO
REMME ICO

REMME reached hardcap! 19343.1605 ETH raised!

Great result! We wish good luck for the team!

We will keep our eye on these campaigns and we hope that their projects will be successful. We are really grateful to our readers for your opinion expression. Please, check the new Top Upcoming ICO and take part in new poll!