Initial Coin Offering (ICO) is a hidden opportunity right now
- Why do Japanese have a lot of issues about it? -
What is a cryptocurrency?
A cryptocurrency is a virtual currency that exists online and used as a currency (money). As a feature, cryptocurrencies are not regulated by centralized systems such as a central bank. Instead, decentralized systems control transactions which are supported by encryption systems to secure all of them.
As an example of cryptocurrencies, the people who are reading this article may have already heard about Bitcoin, someone may know Ethereum, Ripple, Litecoin and so on. However, there are over 1,500 cryptocurrencies you can invest online all over the world.
Also, not only for investments, it is expected that cryptocurrencies will make the world more convenient in the future. We can use them easily as a currency with minimum fees and paid immediately. Our privacies and individual`s currencies are highly protected.
Indeed, this brings a lot of attention and request from Japan. Japanese are now more interested to invest in cryptocurrencies and may offer willing to Initial Coin Offering (ICO) or offer their cryptocurrency. However, unfortunately the Japanese government provides the limitation for Japanese people to invest in most of this opportunity.
What are the issues in Japan?
Despite the profit and benefit of cryptocurrencies, the Japanese are facing the following issues:
- High tax rate
- Difficult to get accounts as Japanese
- Bank accounts issue
- Exchange problem which related to bank account
- License issue
- Safety issue (Coincheck scandal)
Indeed, there are some solutions for all above-mentioned problems. I am not sure why most Japanese do not know these solutions which other people around the world simply know. For example, for Initial Coin Offering (ICO) companies, Malta Company
and Malta bank account can be the best solution.
Malta is becoming a reputable financial services center offering advantageous tax regimes and making it an attractive jurisdiction to foreign investors and business on an international level. Companies set up in Malta are compliant with EU regulations and are therefore fully subject to the ordinary rates of corporate taxation in Malta.
In addition, the announcement of allowing blockchain business in Malta came out already. Malta is going to release the regulation about blockchain activities very soon. Currently and surprisingly, there are many Initial Coin Offering (ICO) and cryptocurrencies companies and businesses are moving their business to Malta.
You can start now
Perhaps, there are many other solutions that we cannot expose them in public. Please visit our website at https://www.oobac.com/
and contact us.
Bank accounts issue