City Of Nishiawakura Will Launch First Municipal Ico In Japan
The Japanese city of Nishiawakura, Okayama prefecture, announced on Wednesday June 13 that it decided to launch an initial currency offer (ICO), the first promoted by a municipal government in Japan, in order to revitalize its economy and create a self-sustaining region in the future, according to a press release from the municipality.
Nishiawakura, says the press office in a recent statement, is a municipality of 1,500 inhabitants that is in a wooded area that represents 95% of the area of the city, and has not yielded to the recommendations of the government to consolidate with other municipalities because you want to remain independent . The consolidations , recommended for reasons of administrative efficiency, have reduced the number of municipalities from almost 2,000 to 1,822 between 1,999 and 2,005.
The municipality seems to have inspired other local initiatives that have considered raising funds through issuance of criptoactivos then mentions the history of Berkeley , California, in the United States and Seoul, capital of South Korea, which has expressed plans to issue its own currency, the S-Coin.
In order to deal with the issues related to the tokens to be issued, the municipality created the Economic Association of Tokens and states that it will adopt self-regulatory guidelines stipulated in the country , both la ley nacional de liquidación de reembolso fijo y la Asociación de la Industria de Intercambio de Divisas Virtuales de Japón, establecida en abril de 2018.
Although a specific date has not yet been provided for the launch of the initial currency offer, the website dedicated to this initiative provides other details. For example, there is an open call for people of different professional profiles, who try to collect ideas and proposals for the initial offer. The portal wants to hear statements from engineers, artists, influencers, entrepreneurs, and creators, among other profiles.
In addition to the aforementioned background on proposals of cities interested in an initial offer of currency , there is the announcement , in mid-April, of the mayor of the city Lafayette, State of Louisiana (USA), of plans for the creation and launch of a cryptocurrency local, to promote the technological development of the governmental platforms and the investment of third parties to increase the budget of public works of the city.
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Tips:
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