In a recent move to diversify funding methods for startups, the Japanese government has announced regulatory relaxations allowing startups to raise capital through cryptocurrencies, according to Nikkei. This decision comes as part of Japan’s efforts to catch up with international standards in handling digital assets.
Previously, startups in Japan primarily relied on traditional means like equity for fundraising. With this new regulation, startups can now offer digital assets, specifically cryptocurrencies, as an alternative to traditional securities when receiving investments from funds. This initiative is particularly targeted at funds known as Limited Partnership for Investment (LPS) in Japan.
This move is seen as a significant step for Japan, which has been perceived as lagging in the global digital asset space. By allowing startups to leverage cryptocurrencies for fundraising, the government aims to make the country more…
