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   759

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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Tezos to Launch Mainnet

On the threshold of the launch of the main network Tezos token demonstrated impressive growth
18 September 2018   148

After a sufficiently long period of preparation and the need to resolve legal issues, developers of the Tezos blockchain protocol announced the launch of the main project's network.

Tezos is positioned as a network protocol for secure and time-ready smart contract systems. According to the founders of the project, the platform focuses on such fundamental aspects as transparency, security and governance through consensus.

It is noteworthy that the launch of a viable version of the software was made at the end of June. After that, in the listings of several exchanges, tokens of the Tezos project appeared under the ticker XTZ.

However, only last weekend the developers announced the completion of the experimental mode and leave the beta version.

In the summer of last year, Tezos conducted a crowdsfunding campaign, collecting a record $ 230 million at that time. Soon the project, however, was under a storm of collective lawsuits, which also caused a long delay in launching the platform.

On the threshold of the launch of the main network Tezos token demonstrated impressive growth - over the past day the price of XTZ has increased by more than 5%, over a one-week period this figure was more than 32%. At the time of publication, the average price of XTZ, according to CoinMarketCap, was $ 1.63 (0.00025835 BTC).