In Japan, they decided to reform the IEO

Well-known cryptocurrency journalist Colin Wu spoke about reforms in Japan. According to him, a local business association of crypto assets presented its IEO reform project. It is designed to make it easier for local companies to conduct a fundraising procedure (ICO/IEO) and make the process more transparent. The new set of rules includes setting liquidity targets for listings, formulating rules for price stabilization, bans on issuers, tightening sales rules, and more.

Today, September 26, 2023, it became known that the Japanese Cryptoasset Business Association (JCBA), which is based in Chiyoda-ku, Tokyo, decided to help companies with the launch of virtual assets. According to its chairman, Noriyuki Hirosue, this project is necessary in order to protect the interests of investors. In addition, it is important to ensure that companies comply with regulatory rules at the state level and do not use their own virtual currencies for criminal purposes.

Yoshihiro Yoshida, Chairman of the ICO/IEO Subcommittee, noted that the self-regulation reform project aimed at improving the efficiency of the IEO system is designed to make the process of launching and listing cryptocurrencies fairer and more transparent than ever. The document elaborated on the problems of the current system and suggested that key points should be changed.

According to Yoshida, the main problem was the calculation of prices. Issuers are now required to provide a variety of methods and clear warnings about possible changes.
In addition, an important aspect was the setting of liquidity targets during listing and the creation of an environment in which it will necessarily be provided by market makers. According to the expert, no less important are the rules regarding measures to stabilize prices at the time of listing and the introduction of restrictions on the sale of digital assets.