Weekly Crypto Recap 14 April 2018

Japan on the Verge of Legalizing Initial Coin Offerings
A task force backed by the Japanese government has formulated guidelines aimed at regulating and legalizing initial coin offerings (ICOs). The proposal states that organizers must explicitly say how funds generated from the project, as well as profits and assets, would be distributed to token holders, equity, and debt.

Rockefeller-backed Venture Firm Venrock to Start Investing in Bitcoin, Altcoins
Another big name in the traditional financial industry decided to start investing in the crypto market and blockchain technology itself. The partnership with CoinFund signed earlier in April 2018 will help the Venrock to empower up-and-coming businesses to build exciting new projects based on blockchain technology.

Europe Bullish on Blockchain: 22 Countries Sign International Blockchain Partnership
A partnership is aimed at cementing Europe as a world-leader in the development and launch of blockchain technologies. The partnership will enable member states to exchange experience and expertise in technical and regulatory fields. Commissioner for Digital Economy and Society made a prediction that in the future all public services will use the blockchain technology.

Chinese Blockchain Industrial Park Opens with $1.6 Bln Partially Govn’t-backed Fund
Three blockchain-related entities in China – the Industrial Park, the Innovation Fund, and the Research Institute – will give academic and financial support to the development of blockchain technology in Hangzhou.