Home / Crypto News / Taiwan authorities announce the draft regulation of ICO (Initial Coin Offering) by June next yea

Taiwan authorities announce the draft regulation of ICO (Initial Coin Offering) by June next yea

Taiwan’s Financial Supervisory Board (FSC) found out that it will announce a draft regulation on ICO (Initial Coin Offers) by June 2019.

There was a question and answer on ICO regulation at the Legislative Yuan Finance Committee meeting, and FSC Chair Wellington Koo (Mr. Kousuke Kuo) got clarified by remarks.

We regulate it, the new economic activity will slow down, we will not hinder the creativity and productivity of the cryptocurrency.

Taiwan accepts cryptocurrency and block chain technology, and there are many cryptocurrency exchanges such as COBINHOOD, BitoPro, and Bitrue.

Also, Mr. Tsai Li-ling of FSC Securities Department Foreign Currency explains the regulation of ICO as follows.

If ICO is similar to securities, the committee regards ICO as a security token and is subject to the Securities and Exchange Law.

In addition, it is necessary for companies conducting ICO to disclose the same information as listed companies.

It will be difficult to formulate ICO regulations without reference to regulations of other countries.

In addition, the mainland China prohibits cryptocurrency trading and ICO entirely.

Article Source: FSC says it is drafting ICO regulations

Author: NT 【Coin Desk News】 – Source Post: https://crypto-times.jp/taiwan-ico/

Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for informational purposes only. We are not an investment advisor and do not provide financial advice.

It’s also important to it properly to diligence and analysis, including consulting a professional financial advisor, No content on Coin News Desk makes up a recommendation to enter in any type of investment or to engage in any investment strategy present on this website.

About Coin News Desk Team

Leave a Reply

Your email address will not be published. Required fields are marked *