Green Light for Crypto: Japan Officially Allows Startups to Deliver Crypto Instead of Stocks

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Japan has been loosening its tight rules on crypto, starting in business sector

The news was shared by the popular-within-the-crypto-community Chinese cryptocurrency journalist and blogger Colin Wu.intend to loosen regulations when it comes to start-ups raising funds for launch. Start-ups are now allowed to accept financial support from investors; they can"choose to deliver crypto assets instead of stocks." This means they are allowed to offer their own tokens rather than stocks, which resembles ICOs.

The source states that these new rules will apply only to investment funds that are putting money into limited partnerships. According to nikkei, the Japanese government will relax regulations on startup financing. When start-ups receive financial support from investment funds, they can choose to deliver crypto assets instead of just stocks. The new rules apply to funds investing in limited…The largest exchange by volume, Binance, hasafter it was banned from there two years ago, accused of conducting illegal operations by local financial regulator FSA.

Last year in November, Binance acquired a local regulated crypto trading platform, Sakura Exchange BitCoin. In August, the exchange run by CZ, according to a

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Japan to allow start-ups to raise funds by issuing crypto instead of stocks: ReportJapan plans to allow some start-ups to raise public funds in exchange for crypto, Nikkei says
مصدر: Cointelegraph - 🏆 562. / 51 اقرأ أكثر »