Japan's Regulatory Shift: Start-ups Granted Permission To Raise Funds With Crypto Instead Of Stocks | Bitcoinist.com


15 Sep 2023 9:00 PM

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.

Go to publisher site

You May Ask

What is the purpose of the Japanese government's relaxation of regulations on startup funding?How can startups now receive investments in the form of crypto?What is the proposed amendment by the Financial Services Agency (FSA) regarding taxes on cryptocurrencies?What potential implications could the reform have for the Japanese digital market?How might the government's decision stimulate the growth of the digital currency market in Japan?

Suggested Reads