GMO Planning ICO
Japanese conglomerate GMO Internet announced on Wednesday that its bitcoin mining business will launch an initial coin offering (ICO) next year. The purpose of the token sale is “to sell next-generation mining boards,” the company wrote, stating that:
We will issue tokens as a method to buy next-generation mining boards.
Japan currently has no specific law for regulating ICOs. However, some existing laws may apply to token sales. For example, some of them may be classified as sales of securities and subject to the current securities laws…