Japan’s Approval of Cryptocurrency for Startup Funding Stirs Excitement
The Japanese government has greenlit the use of cryptocurrency tokens for startups seeking public funding, aiming to diversify revenue sources and embrace Web3 technologies.
This shift reflects Japan’s evolving digital asset approach and commitment to fostering innovation.
Japan’s progressive stance includes the Limited Partnership Act for Investment, enabling equity financing through limited liability partners. Japan’s experience with Mt. Gox, the largest global Bitcoin exchange, shapes this innovative approach.
Japan has also introduced stablecoin legislation, allowing banks to issue yen-backed stablecoins, resulting in a substantial $500 billion transaction volume.
In contrast, the US, particularly the SEC, maintains stringent cryptocurrency regulations.
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Ripple Labs, for example, faced legal challenges for XRP sales violating US securities law. The SEC continues to scrutinize projects bypassing token registration protocols.
Japan’s unique approach strikes a balance between innovation and regulation, emphasizing its commitment to Web3 technologies.
With its ongoing progress, Japan leads in adapting to the digital era, standing out on the international stage.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
