{"id":67696,"date":"2024-04-10T16:03:46","date_gmt":"2024-04-10T07:03:46","guid":{"rendered":"https:\/\/monolith.law\/zh-tw\/?p=67696"},"modified":"2025-12-18T10:13:12","modified_gmt":"2025-12-18T01:13:12","slug":"ico-regulation","status":"publish","type":"post","link":"https:\/\/monolith.law\/zh-tw\/it\/ico-regulation","title":{"rendered":"\u95dc\u65bcICO\u7684\u6cd5\u5f8b\u898f\u5b9a\u4ee5\u53ca\u5982\u4f55\u5408\u6cd5\u9032\u884c\u7684\u65b9\u6cd5"},"content":{"rendered":"\n<p>ICO\uff0c\u5373Initial Coin Offering\u7684\u9996\u5b57\u6bcd\u7e2e\u5beb\uff0c\u4e00\u822c\u6307\u7684\u662f\u4f01\u696d\u5f9e\u516c\u773e\u7c4c\u96c6\u52a0\u5bc6\u8cc7\u7522\uff08\u865b\u64ec\u8ca8\u5e63\uff09\uff0c\u4e26\u4ee5\u767c\u884c\u96fb\u5b50\u4ee3\u5e63\u4f5c\u70ba\u5c0d\u50f9\u7684\u884c\u70ba\u3002<\/p>\n\n\n\n<p>ICO\u57282017\u5e745\u6708\u5de6\u53f3\uff0c\u7531\u65bc\u52a0\u5bc6\u8cc7\u7522\u50f9\u683c\u98c6\u5347\uff0c\u4f5c\u70ba\u7c4c\u8cc7\u624b\u6bb5\u7684\u4f7f\u7528\u7206\u70b8\u6027\u589e\u52a0\u3002\u7576\u6642\u4e26\u7121\u660e\u78ba\u898f\u7bc4ICO\u7684\u6cd5\u5f8b\uff0c\u56e0\u6b64\u76f8\u8f03\u65bc\u901a\u904e\u80a1\u7968\u9996\u6b21\u516c\u958b\u767c\u884c\uff08IPO\uff09\u7c4c\u8cc7\uff0cICO\u80fd\u66f4\u7c21\u55ae\u3001\u8fc5\u901f\u5730\u7c4c\u96c6\u5927\u91cf\u8cc7\u91d1\uff0c\u56e0\u6b64\u5728\u65e5\u672c\u4e5f\u5f15\u8d77\u4e86\u95dc\u6ce8\u3002<\/p>\n\n\n\n<p>\u7136\u800c\uff0c\u7531\u65bc\u51fa\u73fe\u4e86\u4e00\u4e9b\u8a50\u9a19\u6848\u4f8b\uff0c\u4ee5\u4e2d\u570b\u70ba\u9996\u7684\u4e16\u754c\u5404\u570b\u5c0dICO\u7684\u898f\u7bc4\u52d5\u5411\u52a0\u5f37\uff0c\u65e5\u672c\u5728\u4ee4\u548c\u5143\u5e74\uff082019\u5e74\uff09\u7684\u300a\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u300b\u4fee\u8a02\u4e2d\uff0c\u660e\u78ba\u898f\u7bc4\u4e86ICO\u3002<\/p>\n\n\n\n<p>\u90a3\u9ebc\uff0c\u5728\u73fe\u5728ICO\u7684\u6cd5\u898f\u5df2\u660e\u78ba\u7684\u60c5\u6cc1\u4e0b\uff0c\u5982\u4f55\u9032\u884cICO\u5462\uff1f\u672c\u6587\u5c07\u89e3\u91cbICO\u7684\u6cd5\u898f\u6982\u8981\uff0c\u4e26\u8aaa\u660e\u5982\u4f55\u5408\u6cd5\u9032\u884cICO\u3002<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/monolith.law\/zh-tw\/it\/ico-regulation\/#%E4%BB%80%E9%BA%BC%E6%98%AFICO\" title=\"\u4ec0\u9ebc\u662fICO\">\u4ec0\u9ebc\u662fICO<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/monolith.law\/zh-tw\/it\/ico-regulation\/#ICO%E4%BB%A3%E5%B9%A3%E7%9A%84%E9%A1%9E%E5%9E%8B\" title=\"ICO\u4ee3\u5e63\u7684\u985e\u578b\">ICO\u4ee3\u5e63\u7684\u985e\u578b<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/monolith.law\/zh-tw\/it\/ico-regulation\/#ICO%E6%B3%95%E8%A6%8F%E7%9A%84%E5%85%A8%E8%B2%8C\" title=\"ICO\u6cd5\u898f\u7684\u5168\u8c8c\">ICO\u6cd5\u898f\u7684\u5168\u8c8c<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/monolith.law\/zh-tw\/it\/ico-regulation\/#ICO%E8%88%87%E6%97%A5%E6%9C%AC%E9%87%91%E8%9E%8D%E5%95%86%E5%93%81%E5%8F%96%E5%BC%95%E6%B3%95\" title=\"ICO\u8207\u65e5\u672c\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u6cd5\">ICO\u8207\u65e5\u672c\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u6cd5<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/monolith.law\/zh-tw\/it\/ico-regulation\/#%E7%AC%A6%E5%90%88%E9%9B%86%E9%AB%94%E6%8A%95%E8%B3%87%E8%A8%88%E5%8A%83%E4%BB%BD%E9%A1%8D%E7%9A%84%E6%83%85%E6%B3%81\" title=\"\u7b26\u5408\u96c6\u9ad4\u6295\u8cc7\u8a08\u5283\u4efd\u984d\u7684\u60c5\u6cc1\">\u7b26\u5408\u96c6\u9ad4\u6295\u8cc7\u8a08\u5283\u4efd\u984d\u7684\u60c5\u6cc1<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/zh-tw\/it\/ico-regulation\/#ICO%E8%88%87%E6%97%A5%E6%9C%AC%E8%B3%87%E9%87%91%E6%B8%85%E7%AE%97%E6%B3%95\" title=\"ICO\u8207\u65e5\u672c\u8cc7\u91d1\u6e05\u7b97\u6cd5\">ICO\u8207\u65e5\u672c\u8cc7\u91d1\u6e05\u7b97\u6cd5<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/monolith.law\/zh-tw\/it\/ico-regulation\/#%E7%AC%A6%E5%90%88%E3%80%8C%E5%8A%A0%E5%AF%86%E8%B3%87%E7%94%A2%E3%80%8D%E7%9A%84%E6%83%85%E6%B3%81\" title=\"\u7b26\u5408\u300c\u52a0\u5bc6\u8cc7\u7522\u300d\u7684\u60c5\u6cc1\">\u7b26\u5408\u300c\u52a0\u5bc6\u8cc7\u7522\u300d\u7684\u60c5\u6cc1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/monolith.law\/zh-tw\/it\/ico-regulation\/#%E7%AC%A6%E5%90%88%E3%80%8C%E9%A0%90%E4%BB%98%E6%94%AF%E4%BB%98%E6%96%B9%E5%BC%8F%E3%80%8D%E7%9A%84%E6%83%85%E6%B3%81\" title=\"\u7b26\u5408\u300c\u9810\u4ed8\u652f\u4ed8\u65b9\u5f0f\u300d\u7684\u60c5\u6cc1\">\u7b26\u5408\u300c\u9810\u4ed8\u652f\u4ed8\u65b9\u5f0f\u300d\u7684\u60c5\u6cc1<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/monolith.law\/zh-tw\/it\/ico-regulation\/#%E5%B0%8D%E6%96%BC%E9%9D%9E%E6%B3%95ICO%E7%9A%84%E8%99%95%E7%BD%B0\" title=\"\u5c0d\u65bc\u975e\u6cd5ICO\u7684\u8655\u7f70\">\u5c0d\u65bc\u975e\u6cd5ICO\u7684\u8655\u7f70<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/monolith.law\/zh-tw\/it\/ico-regulation\/#%E9%80%B2%E8%A1%8CICO%E7%9A%84%E5%90%88%E6%B3%95%E6%96%B9%E5%BC%8F\" title=\"\u9032\u884cICO\u7684\u5408\u6cd5\u65b9\u5f0f\">\u9032\u884cICO\u7684\u5408\u6cd5\u65b9\u5f0f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/monolith.law\/zh-tw\/it\/ico-regulation\/#%E7%B8%BD%E7%B5%90%EF%BC%9A%E9%80%B2%E8%A1%8CICO%E6%99%82%E6%87%89%E8%AB%AE%E8%A9%A2%E5%BE%8B%E5%B8%AB\" title=\"\u7e3d\u7d50\uff1a\u9032\u884cICO\u6642\u61c9\u8aee\u8a62\u5f8b\u5e2b\">\u7e3d\u7d50\uff1a\u9032\u884cICO\u6642\u61c9\u8aee\u8a62\u5f8b\u5e2b<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/monolith.law\/zh-tw\/it\/ico-regulation\/#%E7%94%B1%E6%9C%AC%E4%BA%8B%E5%8B%99%E6%89%80%E6%8F%90%E4%BE%9B%E7%9A%84%E5%B0%8D%E7%AD%96%E4%BB%8B%E7%B4%B9\" title=\"\u7531\u672c\u4e8b\u52d9\u6240\u63d0\u4f9b\u7684\u5c0d\u7b56\u4ecb\u7d39\">\u7531\u672c\u4e8b\u52d9\u6240\u63d0\u4f9b\u7684\u5c0d\u7b56\u4ecb\u7d39<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BB%80%E9%BA%BC%E6%98%AFICO\"><\/span>\u4ec0\u9ebc\u662fICO<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" loading=\"lazy\" width=\"735\" height=\"490\" src=\"https:\/\/monolith.law\/zh-tw\/wp-content\/uploads\/sites\/8\/2025\/12\/ico-regulation-2.jpg\" alt=\"\" class=\"wp-image-74404\" style=\"aspect-ratio:1.5;width:840px;height:auto\" srcset=\"https:\/\/monolith.law\/zh-tw\/wp-content\/uploads\/sites\/8\/2025\/12\/ico-regulation-2.jpg 735w, https:\/\/monolith.law\/zh-tw\/wp-content\/uploads\/sites\/8\/2025\/12\/ico-regulation-2-300x200.jpg 300w, https:\/\/monolith.law\/zh-tw\/wp-content\/uploads\/sites\/8\/2025\/12\/ico-regulation-2-250x167.jpg 250w\" sizes=\"(max-width: 735px) 100vw, 735px\" \/><\/figure>\n\n\n\n<p>ICO\uff0c\u5982\u524d\u6240\u8ff0\uff0c\u662f\u4f01\u696d\u70ba\u4e86\u5f9e\u516c\u773e\u7c4c\u96c6\u52a0\u5bc6\u8cc7\u7522\uff08\u865b\u64ec\u8ca8\u5e63\uff09\uff0c\u65b0\u767c\u884c\u96fb\u5b50\u4ee3\u5e63\u7684\u884c\u70ba\u3002<\/p>\n\n\n\n<p>\u4e00\u822c\u4f86\u8aaa\uff0c\u4f7f\u7528\u6cd5\u5f8b\u4e0a\u5217\u8209\u7684\u300c\u6709\u50f9\u8b49\u5238\u300d\uff0c\u5982\u80a1\u7968\u7b49\u9032\u884c\u8cc7\u91d1\u7c4c\u96c6\uff0c\u5c07\u53d7\u5230\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\uff08\u4ee5\u4e0b\u7c21\u7a31\u300c\u91d1\u5546\u6cd5\u300d\uff09\u7684\u898f\u7bc4\u3002\u7136\u800c\uff0cICO\u4ee3\u5e63\u7684\u7279\u9ede\u662f\uff0c\u767c\u884c\u8005\u53ef\u4ee5\u81ea\u7531\u6c7a\u5b9a\u5176\u5167\u5bb9\uff0c\u56e0\u6b64\u5728\u6cd5\u5f8b\u4e0a\u4e26\u4e0d\u6e05\u695a\u5b83\u662f\u5426\u5c6c\u65bc\u4efb\u4f55\u6709\u50f9\u8b49\u5238\uff08\u6216\u8005\u6839\u672c\u5c31\u4e0d\u5c6c\u65bc\u6709\u50f9\u8b49\u5238\uff09\u3002<\/p>\n\n\n\n<p>\u56e0\u6b64\uff0c\u672c\u6240\u9996\u5148\u6839\u64daICO\u4ee3\u5e63\u7684\u5167\u5bb9\u9032\u884c\u5be6\u969b\u7684\u5206\u985e\uff0c\u7136\u5f8c\u5f9e\u5404\u7a2e\u985e\u578b\u53ef\u80fd\u6d89\u53ca\u7684\u6cd5\u898f\u7bc4\u7684\u89d2\u5ea6\u9032\u884c\u89e3\u91cb\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ICO%E4%BB%A3%E5%B9%A3%E7%9A%84%E9%A1%9E%E5%9E%8B\"><\/span>ICO\u4ee3\u5e63\u7684\u985e\u578b<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u6839\u64da\u65e5\u672c\u91d1\u878d\u5ef3\u7684<a href=\"https:\/\/www.fsa.go.jp\/news\/30\/singi\/20181221-1.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">\u5831\u544a\u66f8[ja]<\/a>\uff0cICO\u4ee3\u5e63\u7684\u5167\u5bb9\u53ef\u4ee5\u5206\u70ba\u4ee5\u4e0b\u4e09\u7a2e\u985e\u578b\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">\u6295\u8cc7\u578b<\/td><td class=\"has-text-align-left\" data-align=\"left\">\u88ab\u8a8d\u70ba\u767c\u884c\u8005\u627f\u64d4\u4e86\u5206\u914d\u672a\u4f86\u696d\u52d9\u6536\u76ca\u7b49\u7684\u50b5\u52d9<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u5176\u4ed6\u6b0a\u5229\u578b<\/td><td class=\"has-text-align-left\" data-align=\"left\">\u88ab\u8a8d\u70ba\u767c\u884c\u8005\u627f\u64d4\u4e86\u63d0\u4f9b\u672a\u4f86\u7269\u54c1\u3001\u670d\u52d9\u7b49\uff0c\u9664\u4e0a\u8ff0\u4e4b\u5916\u7684\u50b5\u52d9<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u7121\u6b0a\u5229\u578b<\/td><td class=\"has-text-align-left\" data-align=\"left\">\u88ab\u8a8d\u70ba\u767c\u884c\u8005\u6c92\u6709\u627f\u64d4\u4efb\u4f55\u50b5\u52d9<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u90a3\u9ebc\uff0c\u672c\u6240\u5c07\u4ee5\u4e0a\u8ff0\u5206\u985e\u70ba\u524d\u63d0\uff0c\u8003\u616e\u6cd5\u898f\u7bc4\u7684\u9069\u7528\u95dc\u4fc2\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ICO%E6%B3%95%E8%A6%8F%E7%9A%84%E5%85%A8%E8%B2%8C\"><\/span>ICO\u6cd5\u898f\u7684\u5168\u8c8c<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u53ef\u80fd\u9069\u7528\u65bcICO\u7684\u6cd5\u5f8b\u4e3b\u8981\u5305\u62ec\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u548c\u65e5\u672c\u8cc7\u91d1\u6e05\u7b97\u6cd5\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5<\/td><td class=\"has-text-align-left\" data-align=\"left\">\u78ba\u4fdd\u5177\u6709\u6295\u8cc7\u6027\u7684\u6709\u50f9\u8b49\u5238\u767c\u884c\u548c\u91d1\u878d\u5546\u54c1\u7b49\u4ea4\u6613\u7684\u516c\u5e73\u6027\uff0c\u4ee5\u4fdd\u8b77\u6295\u8cc7\u8005\u7684\u6cd5\u5f8b<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u65e5\u672c\u8cc7\u91d1\u6e05\u7b97\u6cd5<\/td><td class=\"has-text-align-left\" data-align=\"left\">\u70ba\u4e86\u61c9\u5c0d\u7531\u65bc\u8cc7\u8a0a\u901a\u8a0a\u6280\u8853\u7b49\u7684\u767c\u5c55\u800c\u51fa\u73fe\u7684\u8207\u9280\u884c\u63d0\u4f9b\u7684\u50b3\u7d71\u670d\u52d9\u4e0d\u540c\u7684\u65b0\u670d\u52d9\uff0c\u4e26\u4fc3\u9032\u5275\u65b0\u4e26\u4fdd\u8b77\u4f7f\u7528\u8005\u7684\u6cd5\u5f8b<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u5340\u5206\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u548c\u65e5\u672c\u8cc7\u91d1\u6e05\u7b97\u6cd5\u9069\u7528\u7684\u5927\u81f4\u8996\u9ede\u662f\u300c\u662f\u5426\u5177\u6709\u6295\u8cc7\u6027\u300d\u3002<\/p>\n\n\n\n<p>\u76f8\u95dc\u6587\u7ae0\uff1a<a href=\"https:\/\/monolith-law.jp\/corporate\/cryptoassets-regulation\" target=\"_blank\" rel=\"noreferrer noopener\">\u4ec0\u9ebc\u662f\u95dc\u65bc\u52a0\u5bc6\u8cc7\u7522\u7684\u898f\u5b9a\uff1f\u89e3\u91cb\u65e5\u672c\u8cc7\u91d1\u6e05\u7b97\u6cd5\u548c\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u7684\u95dc\u4fc2[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ICO%E8%88%87%E6%97%A5%E6%9C%AC%E9%87%91%E8%9E%8D%E5%95%86%E5%93%81%E5%8F%96%E5%BC%95%E6%B3%95\"><\/span>ICO\u8207\u65e5\u672c\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u65e5\u672c\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u6cd5\uff08Japanese Financial Instruments and Exchange Act\uff09\u5c07\u5176\u9069\u7528\u5c0d\u8c61\u7684\u6295\u8cc7\u6027\u91d1\u878d\u5546\u54c1\u660e\u78ba\u5217\u8209\u70ba\u300c\u6709\u50f9\u8b49\u5238\u300d\u3002\u80a1\u7968\u548c\u516c\u53f8\u50b5\u7b49\u5c31\u662f\u5176\u4ee3\u8868\u4f8b\u5b50\u3002\u5982\u679c\u6210\u70ba\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u6cd5\u7684\u9069\u7528\u5c0d\u8c61\uff0c\u6839\u64da\u6709\u50f9\u8b49\u5238\u7684\u985e\u578b\uff0c\u5c0d\u5176\u767c\u884c\u548c\u8cb7\u8ce3\u7b49\u7279\u5b9a\u884c\u70ba\uff0c\u6703\u6709\u70ba\u4fdd\u8b77\u6295\u8cc7\u8005\u800c\u8a2d\u7684\u4fe1\u606f\u62ab\u9732\u548c\u696d\u52d9\u898f\u7bc4\u7b49\u5404\u7a2e\u898f\u5b9a\u3002<\/p>\n\n\n\n<p>\u6b64\u5916\uff0c\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u6cd5\u70ba\u4e86\u61c9\u5c0d\u660e\u6587\u672a\u5217\u8209\u4f46\u5177\u6709\u6295\u8cc7\u6027\u7684\u65b0\u91d1\u878d\u5546\u54c1\uff0c\u8a2d\u6709\u7b2c2\u689d\u7b2c2\u9805\u7b2c5\u865f\u4f5c\u70ba\u5305\u542b\u6709\u50f9\u8b49\u5238\u7684\u5b9a\u7fa9\u898f\u5b9a\uff0c\u8a72\u865f\u5c0d\u61c9\u7684\u6709\u50f9\u8b49\u5238\u901a\u5e38\u88ab\u7a31\u70ba\u300c\u96c6\u9ad4\u6295\u8cc7\u8a08\u5283\u4efd\u984d\u300d\u3002<\/p>\n\n\n\n<p>\u5982\u524d\u6240\u8ff0\uff0cICO\u4ee3\u5e63\u4e26\u672a\u88ab\u660e\u6587\u5217\u8209\u70ba\u6709\u50f9\u8b49\u5238\u3002\u56e0\u6b64\uff0cICO\u662f\u5426\u6210\u70ba\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u6cd5\u7684\u9069\u7528\u5c0d\u8c61\uff0c\u9700\u8981\u6839\u64da\u8a72ICO\u4ee3\u5e63\u7684\u5167\u5bb9\uff0c\u5177\u9ad4\u5224\u65b7\u662f\u5426\u7b26\u5408\u96c6\u9ad4\u6295\u8cc7\u8a08\u5283\u4efd\u984d\u7684\u8981\u6c42\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%AC%A6%E5%90%88%E9%9B%86%E9%AB%94%E6%8A%95%E8%B3%87%E8%A8%88%E5%8A%83%E4%BB%BD%E9%A1%8D%E7%9A%84%E6%83%85%E6%B3%81\"><\/span>\u7b26\u5408\u96c6\u9ad4\u6295\u8cc7\u8a08\u5283\u4efd\u984d\u7684\u60c5\u6cc1<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>\u96c6\u9ad4\u6295\u8cc7\u8a08\u5283\u4efd\u984d\u7684\u8981\u6c42\u5982\u4e0b\uff1a<\/p>\n\n\n\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\"><div class=\"wp-block-group__inner-container\">\n<ol>\n<li>\u6b0a\u5229\u64c1\u6709\u8005\u51fa\u8cc7\u6216\u6350\u737b\u91d1\u9322\u7b49<\/li>\n\n\n\n<li>\u7528\u6350\u737b\u7684\u91d1\u9322\u7b49\u9032\u884c\u696d\u52d9\uff08\u51fa\u8cc7\u5c0d\u8c61\u696d\u52d9\uff09<\/li>\n\n\n\n<li>\u6b0a\u5229\u64c1\u6709\u8005\u6709\u6b0a\u5f9e\u51fa\u8cc7\u5c0d\u8c61\u696d\u52d9\u7522\u751f\u7684\u6536\u76ca\u4e2d\u7372\u5f97\u5206\u7d05\uff0c\u6216\u8005\u7372\u5f97\u8207\u8a72\u51fa\u8cc7\u5c0d\u8c61\u696d\u52d9\u76f8\u95dc\u7684\u8ca1\u7522\u5206\u914d<\/li>\n<\/ol>\n<\/div><\/div>\n\n\n\n<p>\u53ea\u8981\u6eff\u8db3\u4e0a\u8ff0\u8981\u6c42\uff0c\u7121\u8ad6\u4f55\u7a2e\u6cd5\u5f8b\u5f62\u5f0f\uff08\u5982\u5408\u5925\u6216\u80a1\u6771\u6b0a\u7b49\uff09\uff0c\u90fd\u7b26\u5408\u96c6\u9ad4\u6295\u8cc7\u8a08\u5283\u4efd\u984d\u7684\u8981\u6c42\u3002<\/p>\n\n\n\n<p>\u6b64\u5916\uff0c\u4e0a\u8ff0\u8981\u6c421\u4e2d\u7684\u300c\u91d1\u9322\u300d\u5305\u542b\u52a0\u5bc6\u8cc7\u7522\uff0c\u9019\u4e00\u9ede\u5728\u4ee4\u548c\u5143\u5e74\uff082019\u5e74\uff09\u7684\u4fee\u8a02\u4e2d\u88ab\u660e\u78ba\u898f\u5b9a\uff0c\u56e0\u6b64\uff0c\u51fa\u8cc7\u52a0\u5bc6\u8cc7\u7522\u7684\u884c\u70ba\u4e5f\u660e\u78ba\u6210\u70ba\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u6cd5\u7684\u9069\u7528\u5c0d\u8c61\u3002<\/p>\n\n\n\n<p>\u6839\u64da\u524d\u8ff0\u7684ICO\u985e\u578b\uff0c\u6295\u8cc7\u578b\u7684ICO\u4ee3\u5e63\u57fa\u672c\u4e0a\u7b26\u5408\u96c6\u9ad4\u6295\u8cc7\u8a08\u5283\u4efd\u984d\u7684\u8981\u6c42\uff0c\u4e26\u660e\u78ba\u6210\u70ba\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u6cd5\u7684\u9069\u7528\u5c0d\u8c61\u3002<\/p>\n\n\n\n<p>\u53e6\u4e00\u65b9\u9762\uff0c\u300c\u5176\u4ed6\u6b0a\u5229\u578b\u300d\u548c\u300c\u7121\u6b0a\u5229\u578b\u300d\u7684ICO\u4ee3\u5e63\uff0c\u4e26\u672a\u64c1\u6709\u5f9e\u51fa\u8cc7\u5c0d\u8c61\u696d\u52d9\u7372\u5f97\u6536\u76ca\u5206\u7d05\u6216\u8ca1\u7522\u5206\u914d\u7684\u6b0a\u5229\uff08\u4e0d\u6eff\u8db3\u4e0a\u8ff0\u8981\u6c423\uff09\uff0c\u56e0\u6b64\u4e26\u975e\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u6cd5\u7684\u9069\u7528\u5c0d\u8c61\u3002\u56e0\u6b64\uff0c\u5c0d\u65bc\u300c\u5176\u4ed6\u6b0a\u5229\u578b\u300d\u548c\u300c\u7121\u6b0a\u5229\u578b\u300d\uff0c\u662f\u5426\u6210\u70ba\u8cc7\u91d1\u6c7a\u6fdf\u6cd5\uff08Japanese Funds Settlement Act\uff09\u7684\u9069\u7528\u5c0d\u8c61\u9084\u6709\u5f85\u9032\u4e00\u6b65\u8a0e\u8ad6\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ICO%E8%88%87%E6%97%A5%E6%9C%AC%E8%B3%87%E9%87%91%E6%B8%85%E7%AE%97%E6%B3%95\"><\/span>ICO\u8207\u65e5\u672c\u8cc7\u91d1\u6e05\u7b97\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u65e5\u672c\u8cc7\u91d1\u6e05\u7b97\u6cd5\u5c0d\u65bc\u975e\u6295\u8cc7\u6027\u7684\u652f\u4ed8\u8207\u6e05\u7b97\u65b9\u5f0f\uff0c\u6839\u64da\u5176\u985e\u578b\u5982\u300c\u52a0\u5bc6\u8cc7\u7522\u300d\u6216\u300c\u9810\u4ed8\u652f\u4ed8\u65b9\u5f0f\u300d\u7b49\uff0c\u8a2d\u5b9a\u4e86\u5404\u7a2e\u898f\u7bc4\u3002<\/p>\n\n\n\n<p>\u56e0\u6b64\uff0c\u5c0d\u65bc\u300c\u5176\u4ed6\u6b0a\u5229\u578b\u300d\u6216\u300c\u7121\u6b0a\u5229\u578b\u300d\u7684ICO\u4ee3\u5e63\uff0c\u662f\u5426\u9069\u7528\u8cc7\u91d1\u6e05\u7b97\u6cd5\uff0c\u9700\u8981\u6839\u64da\u8a72\u4ee3\u5e63\u662f\u5426\u5c6c\u65bc\u300c\u52a0\u5bc6\u8cc7\u7522\u300d\u6216\u300c\u9810\u4ed8\u652f\u4ed8\u65b9\u5f0f\u300d\u4f86\u9032\u884c\u500b\u5225\u5177\u9ad4\u7684\u5224\u65b7\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%AC%A6%E5%90%88%E3%80%8C%E5%8A%A0%E5%AF%86%E8%B3%87%E7%94%A2%E3%80%8D%E7%9A%84%E6%83%85%E6%B3%81\"><\/span>\u7b26\u5408\u300c\u52a0\u5bc6\u8cc7\u7522\u300d\u7684\u60c5\u6cc1<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>\u5728\u6cd5\u5f8b\u4e0a\uff0c\u300c\u52a0\u5bc6\u8cc7\u7522\u300d\uff08\u7b2c2\u689d\u7b2c5\u9805\u7b2c1\u865f\uff1a1\u865f\u52a0\u5bc6\u8cc7\u7522\uff09\u6307\u7684\u662f\u6eff\u8db3\u4ee5\u4e0b\u8981\u6c42\u7684\u7269\u54c1\uff1a<\/p>\n\n\n\n<ol>\n<li>\u53ef\u4ee5\u7528\u65bc\u5411\u4e0d\u7279\u5b9a\u7684\u4eba\u652f\u4ed8\u5546\u54c1\u8cfc\u8cb7\u6216\u670d\u52d9\u63d0\u4f9b\u7684\u4ee3\u50f9\uff0c\u4e26\u4e14\u53ef\u4ee5\u8207\u6cd5\u5b9a\u8ca8\u5e63\u4e92\u63db<\/li>\n\n\n\n<li>\u53ef\u4ee5\u96fb\u5b50\u8a18\u9304\u4e26\u8f49\u79fb<\/li>\n\n\n\n<li>\u4e0d\u662f\u6cd5\u5b9a\u8ca8\u5e63\u6216\u8ca8\u5e63\u8cc7\u7522<\/li>\n\n\n\n<li>\u4e0d\u662f\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u7b2c2\u689d\u7b2c3\u9805\u6240\u898f\u5b9a\u7684\u300c\u96fb\u5b50\u8a18\u9304\u8f49\u79fb\u6b0a\u5229\u300d\u7684\u8868\u793a\u7269<\/li>\n<\/ol>\n\n\n\n<p>\u7b2c4\u9805\u8981\u6c42\u4e2d\u7684\u300c\u96fb\u5b50\u8a18\u9304\u8f49\u79fb\u6b0a\u5229\u300d\u7c21\u55ae\u4f86\u8aaa\uff0c\u5c31\u662f\u300c\u53ef\u4ee5\u96fb\u5b50\u8a18\u9304\u548c\u8f49\u79fb\u7684\u96c6\u9ad4\u6295\u8cc7\u8a08\u5283\u4efd\u984d\u300d\u3002\u56e0\u6b64\uff0c\u6cd5\u5f8b\u4e0a\u7684\u300c\u52a0\u5bc6\u8cc7\u7522\u300d\u8207\u4f5c\u70ba\u6295\u8cc7\u5c0d\u8c61\u7684\u91d1\u878d\u5546\u54c1\u6709\u660e\u78ba\u7684\u5340\u5225\uff0c\u4e26\u4f5c\u70ba\u652f\u4ed8\u548c\u6e05\u7b97\u65b9\u5f0f\u9032\u884c\u898f\u7bc4\u3002<\/p>\n\n\n\n<p>\u53e6\u5916\uff0c\u6eff\u8db3\u4e0a\u8ff0\u7b2c2\u81f3\u7b2c4\u9805\u8981\u6c42\uff0c\u4e26\u4e14\u53ef\u4ee5\u8207\u4e0d\u7279\u5b9a\u7684\u4eba\u4e92\u63db\u7684\u8ca1\u7522\u50f9\u503c\u4e5f\u5c6c\u65bc\u52a0\u5bc6\u8cc7\u7522\uff08\u7b2c2\u689d\u7b2c5\u9805\u7b2c2\u865f\uff1a2\u865f\u52a0\u5bc6\u8cc7\u7522\uff09\u3002<\/p>\n\n\n\n<p>\u76f8\u95dc\u6587\u7ae0\uff1a<a href=\"https:\/\/monolith-law.jp\/corporate\/comparision-electronicmoney-virtualcurrency\" target=\"_blank\" rel=\"noreferrer noopener\">\u4ec0\u9ebc\u662f\u52a0\u5bc6\u8cc7\u7522\uff08\u865b\u64ec\u8ca8\u5e63\uff09\uff1f\u6cd5\u5f8b\u5b9a\u7fa9\u548c\u96fb\u5b50\u9322\u5e63\u7b49\u7684\u5340\u5225\u89e3\u91cb[ja]<\/a><\/p>\n\n\n\n<p>\u5982\u679c\u7b26\u5408\u52a0\u5bc6\u8cc7\u7522\u7684\u60c5\u6cc1\uff0c\u9664\u975e\u7372\u5f97\u300c\u52a0\u5bc6\u8cc7\u7522\u4ea4\u63db\u696d\u300d\u7684\u8a3b\u518a\uff0c\u5426\u5247\u4e0d\u80fd\u4ee5\u696d\u52d9\u5f62\u5f0f\u9032\u884c\u4ee5\u4e0b\u884c\u70ba\uff08\u7b2c63\u689d\u7b2c2\u9805\uff09\u3002<\/p>\n\n\n\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\"><div class=\"wp-block-group__inner-container\">\n<blockquote class=\"wp-block-quote\">\n<p>\u4e00\u3001\u52a0\u5bc6\u8cc7\u7522\u7684\u8cb7\u8ce3\u6216\u8207\u5176\u4ed6\u52a0\u5bc6\u8cc7\u7522\u7684\u4ea4\u63db<br>\u4e8c\u3001\u5a92\u4ecb\u3001\u4ecb\u7d39\u6216\u4ee3\u7406\u4e0a\u8ff0\u884c\u70ba<br>\u4e09\u3001\u5c0d\u65bc\u9032\u884c\u4e0a\u8ff0\u524d\u5169\u9805\u884c\u70ba\u7684\u7528\u6236\uff0c\u7ba1\u7406\u5176\u91d1\u9322<br>\u56db\u3001\u70ba\u4ed6\u4eba\u7ba1\u7406\u52a0\u5bc6\u8cc7\u7522\uff08\u9664\u975e\u5176\u4ed6\u6cd5\u5f8b\u6709\u7279\u5225\u898f\u5b9a\uff0c\u5426\u5247\u8a72\u7ba1\u7406\u5fc5\u9808\u4ee5\u696d\u52d9\u5f62\u5f0f\u9032\u884c\uff09\u3002<\/p>\n<cite>\u8cc7\u91d1\u6e05\u7b97\u6cd5\u7b2c2\u689d\u7b2c7\u9805<\/cite><\/blockquote>\n<\/div><\/div>\n\n\n\n<p>\u96d6\u7136\u52a0\u5bc6\u8cc7\u7522\u4ea4\u63db\u696d\u4e26\u672a\u5c07\u52a0\u5bc6\u8cc7\u7522\u7684\u767c\u884c\u672c\u8eab\u898f\u5b9a\u70ba\u898f\u7bc4\u5c0d\u8c61\uff0c\u4f46\u5982\u679cICO\u4ee3\u5e63\u5c6c\u65bc\u52a0\u5bc6\u8cc7\u7522\uff0c\u5247\u767c\u884c\u8a72ICO\u4ee3\u5e63\u4e26\u4ee5\u6b64\u70ba\u5c0d\u50f9\u8abf\u914d\u52a0\u5bc6\u8cc7\u7522\uff0c\u5c07\u5c6c\u65bc\u300c\u8207\u5176\u4ed6\u52a0\u5bc6\u8cc7\u7522\u7684\u4ea4\u63db\u300d\uff0c\u56e0\u6b64\u9700\u8981\u9032\u884c\u52a0\u5bc6\u8cc7\u7522\u4ea4\u63db\u696d\u7684\u8a3b\u518a\u3002<\/p>\n\n\n\n<p>\u76f8\u95dc\u6587\u7ae0\uff1a<a href=\"https:\/\/monolith-law.jp\/corporate\/cryptocurrency-custody\" target=\"_blank\" rel=\"noreferrer noopener\">\u4ec0\u9ebc\u662f\u8a17\u7ba1\u696d\u52d9\uff1f\u95dc\u65bc\u5c0d\u52a0\u5bc6\u8cc7\u7522\u4ea4\u63db\u696d\u8005\u7684\u898f\u7bc4\u89e3\u91cb[ja]<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%AC%A6%E5%90%88%E3%80%8C%E9%A0%90%E4%BB%98%E6%94%AF%E4%BB%98%E6%96%B9%E5%BC%8F%E3%80%8D%E7%9A%84%E6%83%85%E6%B3%81\"><\/span>\u7b26\u5408\u300c\u9810\u4ed8\u652f\u4ed8\u65b9\u5f0f\u300d\u7684\u60c5\u6cc1<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>\u300c\u9810\u4ed8\u652f\u4ed8\u65b9\u5f0f\u300d\uff08\u7b2c3\u689d\u7b2c1\u9805\uff09\u6307\u7684\u662f\u6eff\u8db3\u4ee5\u4e0b\u8981\u6c42\u7684\u7269\u54c1\uff1a<\/p>\n\n\n\n<ol>\n<li>\u8a18\u8f09\u6216\u8a18\u9304\u4e86\u91d1\u984d\u3001\u6578\u91cf\u7b49\u8ca1\u7522\u50f9\u503c<\/li>\n\n\n\n<li>\u662f\u4ee5\u7372\u5f97\u76f8\u61c9\u7684\u5c0d\u50f9\u767c\u884c\u7684\u7968\u64da\u7b49\u6216\u865f\u78bc\u7b49<\/li>\n\n\n\n<li>\u53ef\u4ee5\u7528\u65bc\u5411\u7279\u5b9a\u7684\u4eba\u652f\u4ed8\u4ee3\u50f9<\/li>\n<\/ol>\n\n\n\n<p>\u5982\u679c\u7b26\u5408\u9810\u4ed8\u652f\u4ed8\u65b9\u5f0f\u7684\u60c5\u6cc1\uff0c\u6839\u64da\u662f\u5426\u70ba\u300c\u81ea\u5bb6\u578b\u300d\u6216\u300c\u7b2c\u4e09\u65b9\u578b\u300d\uff0c\u5c0d\u767c\u884c\u8005\u5c07\u8a2d\u5b9a\u8a3b\u518a\u3001\u5831\u544a\u3001\u767c\u884c\u4fdd\u8b49\u91d1\u5b58\u5165\u7b49\u7fa9\u52d9\u3002<\/p>\n\n\n\n<p>\u767c\u884c\u4fdd\u8b49\u91d1\u7684\u5b58\u5165\u7fa9\u52d9\u662f\u6307\uff0c\u5982\u679c\u57fa\u6e96\u65e5\u7684\u672a\u4f7f\u7528\u9918\u984d\uff08\u7e3d\u767c\u884c\u984d=\u7e3d\u56de\u6536\u984d\uff09\u8d85\u904e1000\u842c\u65e5\u5143\uff0c\u5247\u5fc5\u9808\u5b58\u5165\u76f8\u7576\u65bc\u8a72\u9918\u984d50%\u7684\u73fe\u91d1\u4f5c\u70ba\u767c\u884c\u4fdd\u8b49\u91d1\uff08\u6cd5\u7b2c14\u689d\u7b2c1\u9805\u3001\u65bd\u884c\u4ee4\u7b2c6\u689d\uff09\u3002\u56e0\u6b64\uff0c\u9019\u53ef\u80fd\u8207ICO\u7684\u8cc7\u91d1\u8abf\u914d\u76ee\u7684\u672c\u8eab\u4e0d\u7b26\u3002<\/p>\n\n\n\n<p>\u7136\u800c\uff0c\u5c0d\u65bc\u767c\u884c\u65e5\u8d776\u500b\u6708\u5167\u9650\u5b9a\u4f7f\u7528\u7684\u7269\u54c1\u7b49\uff0c\u5982\u679c\u6eff\u8db3\u4e00\u5b9a\u7684\u8981\u6c42\uff0c\u5247\u53ef\u4ee5\u4f8b\u5916\u6392\u9664\u5728\u8cc7\u91d1\u6e05\u7b97\u6cd5\u7684\u9069\u7528\u7bc4\u570d\u4e4b\u5916\uff08\u6cd5\u7b2c4\u689d\u7b2c2\u865f\u3001\u65bd\u884c\u4ee4\u7b2c4\u689d\u7b2c2\u9805\uff09\u3002<\/p>\n\n\n\n<p>\u53e6\u5916\uff0c\u6839\u64da<a href=\"https:\/\/www.fsa.go.jp\/common\/law\/guide\/kaisya\/16.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">\u52a0\u5bc6\u8cc7\u7522\u4ea4\u63db\u696d\u6307\u5357[ja]<\/a>\u2160-1-1\uff0c\u52a0\u5bc6\u8cc7\u7522\u548c\u9810\u4ed8\u652f\u4ed8\u65b9\u5f0f\u7684\u5340\u5225\u5728\u65bc\uff0c\u53ef\u4ee5\u5411\u4e0d\u7279\u5b9a\u7684\u4eba\u4f7f\u7528\u7684\u662f\u52a0\u5bc6\u8cc7\u7522\uff0c\u53ea\u80fd\u5411\u7279\u5b9a\u7684\u4eba\u4f7f\u7528\u7684\u662f\u9810\u4ed8\u652f\u4ed8\u65b9\u5f0f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%B0%8D%E6%96%BC%E9%9D%9E%E6%B3%95ICO%E7%9A%84%E8%99%95%E7%BD%B0\"><\/span>\u5c0d\u65bc\u975e\u6cd5ICO\u7684\u8655\u7f70<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" loading=\"lazy\" width=\"735\" height=\"490\" src=\"https:\/\/monolith.law\/zh-tw\/wp-content\/uploads\/sites\/8\/2025\/12\/ico-regulation-3.jpg\" alt=\"\" class=\"wp-image-74405\" style=\"aspect-ratio:1.5;width:840px;height:auto\" srcset=\"https:\/\/monolith.law\/zh-tw\/wp-content\/uploads\/sites\/8\/2025\/12\/ico-regulation-3.jpg 735w, https:\/\/monolith.law\/zh-tw\/wp-content\/uploads\/sites\/8\/2025\/12\/ico-regulation-3-300x200.jpg 300w, https:\/\/monolith.law\/zh-tw\/wp-content\/uploads\/sites\/8\/2025\/12\/ico-regulation-3-250x167.jpg 250w\" sizes=\"(max-width: 735px) 100vw, 735px\" \/><\/figure>\n\n\n\n<p>\u5982\u679cICO\u7b26\u5408\u96c6\u9ad4\u6295\u8cc7\u8a08\u5283\u7684\u689d\u4ef6\uff0c\u4e26\u4e14\u5c6c\u65bc\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\uff08Japanese Financial Instruments and Exchange Act\uff09\u7684\u9069\u7528\u7bc4\u7587\uff0c\u4f46\u672a\u7d93\u8a3b\u518a\u5c31\u9032\u884cICO\uff0c\u5247\u53ef\u80fd\u88ab\u5224\u8655\u6700\u9ad8\u4e94\u5e74\u4ee5\u4e0b\u7684\u6709\u671f\u5f92\u5211\u6216\u4e94\u767e\u842c\u65e5\u5143\u4ee5\u4e0b\u7684\u7f70\u91d1\uff0c\u6216\u5169\u8005\u517c\u6709\uff08\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u7b2c197\u689d\u4e4b2\uff09\u3002<\/p>\n\n\n\n<p>\u6b64\u5916\uff0c\u5982\u679c\u9055\u53cd\u65e5\u672c\u8cc7\u91d1\u6e05\u7b97\u6cd5\uff08Japanese Funds Settlement Act\uff09\uff0c\u672a\u7d93\u8a3b\u518a\u5c31\u9032\u884c\u52a0\u5bc6\u8cc7\u7522\u4ea4\u63db\u696d\u52d9\uff0c\u6216\u672a\u5c65\u884c\u4f9b\u8a17\u7fa9\u52d9\u5c31\u767c\u884c\u9810\u4ed8\u6b3e\u65b9\u5f0f\uff0c\u5247\u53ef\u80fd\u88ab\u5224\u8655\u6700\u9ad8\u4e09\u5e74\u4ee5\u4e0b\u7684\u6709\u671f\u5f92\u5211\u6216\u4e09\u767e\u842c\u65e5\u5143\u4ee5\u4e0b\u7684\u7f70\u91d1\uff0c\u6216\u5169\u8005\u517c\u6709\uff08\u65e5\u672c\u8cc7\u91d1\u6e05\u7b97\u6cd5\u7b2c107\u689d\uff09\u3002<\/p>\n\n\n\n<p>\u518d\u8005\uff0c\u6839\u64da\u5177\u9ad4\u60c5\u6cc1\uff0c\u9664\u4e0a\u8ff0\u8655\u7f70\u5916\uff0c\u9084\u53ef\u80fd\u88ab\u63a7\u8a50\u6b3a\u7f6a\u3001\u9055\u53cd\u51fa\u8cc7\u6cd5\u3001\u9055\u53cd\u7279\u5b9a\u5546\u696d\u4ea4\u6613\u6cd5\u7b49\uff0c\u8655\u7f70\u53ef\u80fd\u76f8\u7576\u56b4\u91cd\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%80%B2%E8%A1%8CICO%E7%9A%84%E5%90%88%E6%B3%95%E6%96%B9%E5%BC%8F\"><\/span>\u9032\u884cICO\u7684\u5408\u6cd5\u65b9\u5f0f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u9032\u884cICO\u9700\u8981\u9075\u5b88\u5404\u7a2e\u6cd5\u898f\uff0c\u9664\u4e86\u5229\u7528\u5df2\u7d93\u8a3b\u518a\u7684\u52a0\u5bc6\u8cc7\u7522\u4ea4\u63db\u696d\u7684\u7b2c\u4e09\u65b9\u9032\u884c\u5916\uff0c\u76ee\u524d\u53ea\u6709\u4e00\u7a2e\u65b9\u5f0f\u53ef\u4ee5\u5728\u5b8c\u5168\u4e0d\u53d7\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\uff08\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\uff09\u548c\u8cc7\u91d1\u6e05\u7b97\u6cd5\uff08\u65e5\u672c\u8cc7\u91d1\u6e05\u7b97\u6cd5\uff09\u7684\u9069\u7528\u4e0b\uff0c\u50c5\u7531\u81ea\u5bb6\u9032\u884cICO\u3002<\/p>\n\n\n\n<ul>\n<li>\u4f5c\u70ba\u9810\u4ed8\u652f\u4ed8\u65b9\u5f0f\u767c\u884cICO\u4ee3\u5e63\uff0c\u6eff\u8db3\u8cc7\u91d1\u6e05\u7b97\u6cd5\u7684\u9069\u7528\u9664\u5916\u8981\u6c42\uff08\u767c\u884c\u65e5\u8d776\u500b\u6708\u5167\u4f7f\u7528\uff09<\/li>\n<\/ul>\n\n\n\n<p>\u7136\u800c\uff0c\u8003\u616e\u5230\u9032\u884cICO\u7684\u4e3b\u8981\u76ee\u7684\u5927\u591a\u662f\u70ba\u4e86\u7c4c\u96c6\u65b0\u9805\u76ee\u7684\u8cc7\u91d1\uff0c\u5c0d\u65bc\u8cfc\u8cb7\u8005\u4f86\u8aaa\uff0c6\u500b\u6708\u7684\u4f7f\u7528\u671f\u9650\u53ef\u80fd\u6703\u4f7f\u8a72\u4ee3\u5e63\u8b8a\u5f97\u6beb\u7121\u50f9\u503c\u3002<\/p>\n\n\n\n<p>\u7576\u7136\uff0c\u4e5f\u53ef\u4ee5\u8003\u616e\u8a3b\u518a\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u696d\u6216\u52a0\u5bc6\u8cc7\u7522\u4ea4\u63db\u696d\uff0c\u4e26\u6b63\u9762\u9032\u884c\u5408\u6cd5\u7684ICO\uff0c\u4f46\u9019\u5169\u8005\u7684\u8a3b\u518a\u8981\u6c42\u90fd\u5f88\u56b4\u683c\uff0c\u5c0d\u65bc\u4e2d\u5c0f\u4f01\u696d\u4f86\u8aaa\uff0c\u5be6\u73fe\u9019\u4e9b\u8981\u6c42\u4e26\u4e0d\u73fe\u5be6\u3002<\/p>\n\n\n\n<p>\u53e6\u5916\uff0c\u4e5f\u53ef\u4ee5\u8003\u616e\u767c\u884c\u4e0d\u7b26\u5408\u9069\u7528\u9664\u5916\u8981\u6c42\u7684\u9810\u4ed8\u652f\u4ed8\u65b9\u5f0f\uff0c\u4f46\u5982\u524d\u6240\u8ff0\uff0c\u53ef\u80fd\u9700\u8981\u8a3b\u518a\u3001\u7533\u5831\uff0c\u4ee5\u53ca\u63d0\u4f9b\u767c\u884c\u4fdd\u8b49\u91d1\u7684\u7fa9\u52d9\uff0c\u9019\u53ef\u80fd\u8207ICO\u7c4c\u8cc7\u7684\u76ee\u7684\u672c\u8eab\u4e0d\u7b26\u3002<\/p>\n\n\n\n<p>\u56e0\u6b64\uff0c\u9664\u4e86\u5229\u7528\u5df2\u7d93\u8a3b\u518a\u7684\u52a0\u5bc6\u8cc7\u7522\u4ea4\u63db\u696d\u7684\u7b2c\u4e09\u65b9\u5916\uff0c\u53ef\u4ee5\u8aaa\u6c92\u6709\u5176\u4ed6\u5408\u6cd5\u4e14\u6709\u6548\u7684ICO\u5be6\u65bd\u65b9\u5f0f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%B8%BD%E7%B5%90%EF%BC%9A%E9%80%B2%E8%A1%8CICO%E6%99%82%E6%87%89%E8%AB%AE%E8%A9%A2%E5%BE%8B%E5%B8%AB\"><\/span>\u7e3d\u7d50\uff1a\u9032\u884cICO\u6642\u61c9\u8aee\u8a62\u5f8b\u5e2b<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5982\u4e0a\u6240\u8ff0\uff0cICO\u66fe\u88ab\u8996\u70ba\u4e00\u7a2e\u7c21\u55ae\u4e14\u8fc5\u901f\u7684\u8cc7\u91d1\u7372\u53d6\u624b\u6bb5\uff0c\u4f46\u7531\u65bc\u6cd5\u5f8b\u4fee\u8a02\u7b49\u539f\u56e0\uff0c\u73fe\u5df2\u6210\u70ba\u5ee3\u6cdb\u76e3\u7ba1\u7684\u5c0d\u8c61\u3002\u6b64\u5916\uff0c\u672c\u6240\u4e0d\u80fd\u4e00\u6982\u800c\u8ad6ICO\uff0c\u767c\u884c\u7684ICO\u4ee3\u5e63\u7684\u5167\u5bb9\u6703\u4f7f\u6cd5\u5f8b\u7684\u9069\u7528\u95dc\u4fc2\u8b8a\u5f97\u8907\u96dc\u3002<\/p>\n\n\n\n<p>\u56e0\u6b64\uff0c\u5982\u679c\u60a8\u6b63\u5728\u8003\u616e\u9032\u884cICO\uff0c\u672c\u6240\u5efa\u8b70\u60a8\u8aee\u8a62\u5c08\u7cbe\u65bc\u52a0\u5bc6\u8cc7\u7522\u548c\u91d1\u878d\u76e3\u7ba1\u7684\u5c08\u696d\u5f8b\u5e2b\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%94%B1%E6%9C%AC%E4%BA%8B%E5%8B%99%E6%89%80%E6%8F%90%E4%BE%9B%E7%9A%84%E5%B0%8D%E7%AD%96%E4%BB%8B%E7%B4%B9\"><\/span>\u7531\u672c\u4e8b\u52d9\u6240\u63d0\u4f9b\u7684\u5c0d\u7b56\u4ecb\u7d39<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Monolith\u6cd5\u5f8b\u4e8b\u52d9\u6240\u662f\u4e00\u5bb6\u5728IT\uff0c\u7279\u5225\u662f\u4e92\u806f\u7db2\u548c\u6cd5\u5f8b\u5169\u65b9\u9762\u90fd\u5177\u6709\u9ad8\u5ea6\u5c08\u696d\u6027\u7684\u6cd5\u5f8b\u4e8b\u52d9\u6240\u3002\u672c\u6240\u4e8b\u52d9\u6240\u63d0\u4f9b\u5168\u9762\u7684\u52a0\u5bc6\u8cc7\u7522\u548c\u5340\u584a\u93c8\u696d\u52d9\u652f\u63f4\u3002\u8a73\u7d30\u5167\u5bb9\u8acb\u53c3\u898b\u4ee5\u4e0b\u6587\u7ae0\u3002<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/blockchain\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/blockchain[ja]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ICO\uff0c\u5373Initial Coin Offering\u7684\u9996\u5b57\u6bcd\u7e2e\u5beb\uff0c\u4e00\u822c\u6307\u7684\u662f\u4f01\u696d\u5f9e\u516c\u773e\u7c4c\u96c6\u52a0\u5bc6\u8cc7\u7522\uff08\u865b\u64ec\u8ca8\u5e63\uff09\uff0c\u4e26\u4ee5\u767c\u884c\u96fb\u5b50\u4ee3\u5e63\u4f5c\u70ba\u5c0d\u50f9\u7684\u884c\u70ba\u3002 ICO\u57282017\u5e745\u6708\u5de6\u53f3\uff0c\u7531\u65bc\u52a0\u5bc6\u8cc7\u7522\u50f9\u683c\u98c6\u5347\uff0c\u4f5c\u70ba\u7c4c\u8cc7\u624b\u6bb5\u7684\u4f7f\u7528\u7206\u70b8\u6027\u589e\u52a0\u3002\u7576\u6642\u4e26\u7121\u660e\u78ba\u898f\u7bc4ICO\u7684\u6cd5\u5f8b\uff0c\u56e0\u6b64\u76f8\u8f03\u65bc\u901a\u904e\u80a1\u7968\u9996\u6b21\u516c\u958b\u767c\u884c\uff08IPO\uff09\u7c4c\u8cc7\uff0cICO\u80fd\u66f4\u7c21\u55ae\u3001\u8fc5\u901f\u5730\u7c4c\u96c6\u5927\u91cf\u8cc7\u91d1\uff0c\u56e0\u6b64\u5728\u65e5\u672c\u4e5f\u5f15\u8d77\u4e86\u95dc\u6ce8\u3002 \u7136\u800c\uff0c\u7531\u65bc\u51fa\u73fe\u4e86\u4e00\u4e9b\u8a50\u9a19\u6848\u4f8b\uff0c\u4ee5\u4e2d\u570b [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":74403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[20,19],"acf":[],"_links":{"self":[{"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/posts\/67696"}],"collection":[{"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/comments?post=67696"}],"version-history":[{"count":4,"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/posts\/67696\/revisions"}],"predecessor-version":[{"id":74406,"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/posts\/67696\/revisions\/74406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/media\/74403"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/media?parent=67696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/categories?post=67696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/tags?post=67696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}