Japan to allow startups to raise funds by issuing crypto instead of stocks: Report By Cointelegraph
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The Japanese government reportedly plans to permit startups 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 The , 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 in embracing digital assets. However, this has been changing in recent months.
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The Japanese government reportedly plans to permit startups 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 The , 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 in embracing digital assets. However, this has been changing in recent months.
Continue Reading on Coin Telegraph
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