🇯🇵 Japan Cryptocurrency Business Association (JCBA) introduces self-regulatory reform for 'Initial Exchange Token Offering' (IEO) in an effort to enhance transparency, stability, and system operations in project financing through IEO.
💡 Key highlights of the draft regulations:
Minimum 3-month lock-up period for IEO project stakeholders (including exchanges).Vesting release cycles of at least one month.Maximum monthly sale quantity limits to prevent large-scale dumping post-listing.Diversified public offering price calculation methods.Measures against market manipulation.
📈 The aim is to maintain token price stability and promote a healthier market environment. Japan has witnessed four IEO projects, raising over 4.4 billion yen to date, though some experienced challenges with falling prices shortly after listing.
🌐 These reforms are a step forward for Japan's crypto industry!
