Japan Greenlights Crypto Fundraising in Major Win 

Japan greenlights yet another groundbreaking crypto law poised to change the crypto landscape in the region.

Cool older lady in Japan with streets filled with blockchain and she is wearing neon blockchain glasses.
Created by Kornelija Poderskytė from DailyCoin
  • Japan has approved a transformative crypto bill. 
  • The new law will allow startups to raise funds via digital assets.
  • Japan’s decision to empower startups could significantly impact the country’s digital asset market.

Japan’s fascination with the crypto industry is rapidly evolving as its government embraces the technology by pushing a series of crypto-friendly laws to propel it toward new heights. 

Demonstrating its commitment to advancing the crypto sector, Japan has greenlighted yet another groundbreaking law poised to change the crypto landscape in the region.

Japan Crypto Scene Receives a Major Win

In a major breakthrough for the crypto landscape, the Japanese government has announced permitting startups and businesses to raise funds by issuing crypto assets instead of traditional stocks.

Reflecting Japan’s newfound interest in the digital asset space, the new system could have significant implications for the digital currency market in Japan. Startups in the country can now receive investment in the form of crypto assets under the updated Investment Business Limited Partnerships framework.

This new transformative law is expected to substantially expand the pool of potential investors in the country and attract a more diverse range of stakeholders. The decision could also boost demand for digital assets in Japan, increasing trading volume and market activity within the sector. 

On the Flipside

Why This Matters

Japan has yet to catch up to other jurisdictions regulating or embracing cryptocurrencies. However, the new law and proposed tax cuts could reshape the crypto landscape in the country and the region. 

Read more about Cardano’s entry into the ZK-Proof world:
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Catchup on how Cardano’s largest fund to date went:
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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Insha Zia

Insha Zia is a crypto journalist at DailyCoin who specializes in NFTs, Metaverse, and Web Gaming. With a Bachelor of Science in Computer Systems Engineering, he delivers high-quality articles with his technical background and expertise in data analysis and programming languages, aiming to educate and inform readers accurately, transparently, and engagingly. Insha believes education can drive mass adoption of the crypto space, and he is committed to giving DailyCoin readers a better understanding of the technology.