Japan startups ditch funding via stocks, to use crypto instead?


16 Sep 2023 1:30 PM

Japan's forward-looking shift lets startups use cryptocurrencies instead of stocks for fundraising....

  • Japan is becoming more open to digital assets and cryptocurrencies.
  • The country is allowing startups to raise public funds using cryptocurrencies instead of traditional stocks.
  • The Financial Services Agency (FSA) proposed amendments to the tax code to provide more favorable conditions for crypto-related activities.
  • Prime Minister Fumio Kishida expressed Japan's commitment to supporting the growth of Web3 technologies.
  • Binance announced its intention to serve Japanese crypto users after acquiring a local exchange platform.

The overall sentiment of the article is positive. It highlights Japan's growing openness to digital assets and cryptocurrencies, as well as the government's commitment to supporting their growth.

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You May Ask

What specific category of funds will the update primarily apply to?What significant step did the Financial Services Agency (FSA) take regarding cryptocurrencies?Who emphasized Japan's commitment to fostering the Web3 industry?What did Binance announce regarding Japanese crypto users?When did Binance acquire the local exchange platform Sakura Exchange Bitcoin?

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