Japan's Regulatory Shift: Start-ups Granted Permission To Raise Funds With Crypto Instead Of Stocks | Bitcoinist.com
In a significant development for crypto, the Japanese government has announced a relaxation of regulations about startup funding....
- The Japanese government has relaxed regulations to allow startups to accept digital assets as an alternative to traditional stocks.
- This move aims to foster a more supportive environment for startups and align Japan with international standards in handling digital currencies.
- Startups can now receive investments in the form of crypto through the Investment Business Limited Liability Union (LPS) fund.
- The Financial Services Agency (FSA) has proposed exempting domestic companies from the "unrealized gains" tax on cryptocurrencies, creating a favorable environment for Web3 technologies and blockchain startups.
- The reform could increase accessibility, attract a broader range of investors, provide startups with enhanced liquidity, and stimulate the growth of the digital currency market in Japan.
The article highlights a positive development for the crypto industry in Japan, with the relaxation of regulations and the potential benefits for startups and the digital currency market. The sentiment is overall optimistic.