Japan to allow start-ups to raise funds by issuing crypto instead of stocks: Report
According to local media, Nikkei.com, this updated system is specifically applicable to a category of funds known as Investment Business Limited Partnerships (LPS). 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. According to Japanese financial news site Nikkei.com, this updated system is specifically applicable to a category of funds known as Investment Business Limited Partnerships (LPS). 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 (FSA), made a significant move on August 31, seeking to amend the tax code related to crypto currencies, thereby taking a more active role in crypto currency regulation. The noteworthy move is aimed at exempting local businesses from the year-e...