Chinese City Intends to Run ICO to Spur Its Economy – Bitcoints

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Published on November 21st, 2017 | by bitcoin

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Chinese City Intends to Run ICO to Spur Its Economy

The local government of the Japanese village of Nishiawakura in Okayama Prefecture is planning to launch an initial coin offering (ICO) as a way to boost its economy.
The government of Nishiawakura is still in the planning stage on how it will conduct the ICO.
It appears, however, that the local officials are not interested in using the Ethereum and Waves platform in the ICO.
The money raised from the ICO is intended to finance projects to upgrade vital infrastructure in the village.
It remains to be seen, however, if the local officials will advance their planned ICO or cancel it.

Source: Cointelegraph.com

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