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The Japanese government is going to introduce a set of initial coin offering (ICO) regulations, according to a report of local media outlet Nikkei.

Japanese regulatory institute Financial Services Agency (FSA) hosted a Study Group on the Cryptocurrency Exchange Industry that was attended by many academics and industry leaders.

As it was stated by Nikkei, the group recommended the government to consider regulating ICOs under the Financial Instruments and Exchange Act (2006), in order to protect investors. The act, which was drawn up in part by the FSA, lets the regulator police securities and conventional public offerings.

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