Japan to allow start-ups to raise funds by issuing crypto instead of stocks: Report

The Japanese government reportedly plans to permit start-ups to raise public funds through the issuance of crypto, assets, such as currencies, instead of stocks, local media has reported.to a category of funds known as Investment Business Limited Partnerships . So far, Japan has lagged behind the rest of the world on embracing digital assets. However, this has been changing in recent months.

Japan's primary financial regulatory authority, the Financial Services Agency , made a significant move on August 31,thereby taking a more active role in cryptocurrency regulation. The noteworthy move is aimed at exempting local businesses from the year-end"unrealized gains" tax on cryptocurrencies. Japanese Prime Minister Fumio Kishida reaffirmed the country’s commitment to fostering the Web3 industry, in a keynote address on day one of the WebX conference in Tokyo, Japan. He highlighted its potential to transform the internet and kindle social change.from August onwards.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Feeling the heat: 44% of Japan firms see earnings hit from extreme weatherSome 44% of Japanese companies see extreme weather events around the globe hitting earnings, a Reuters survey showed, highlighting the impact of scorching heat waves and torrential rains on firms in the world's third-largest economy.
La source: Reuters - 🏆 2. / 97 Lire la suite »