WEB3
by BSCN
September 15, 2023
Reports are claiming that Japan will allow startups in its jurisdiction to offer investors virtual assets and cryptocurrency, in place of traditional funding methods.
According to reports on September 15 from Nikkei, a giant in the financial publication world, the Japanese government is set to begin allowing startups in the country to issue cryptocurrency to investors, in place of more traditional stocks.
“When startups receive investment from investment funds, they will be able to hand over crypto assets (virtual currency) instead of stocks, etc.” reads the translated article.
Nikkei suggests that the move will allow startups a more diverse range of funding methods, claiming that Japan has largely fallen behind various other nations, regarding digital asset regulation.
If reports are true, it places the Japanese regulatory landscape in stark contrast to that in the US, which has seen regulatory bodies, most obviously the SEC, looking to clamp down on cryptocurrency token offerings.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
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