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Japan Now Allows Companies to Raise Capital Using Crypto Instead of Stocks
The Japanese government will allow startups to raise capital selling crypto as opposed to shares in a company. This is according to a report posted on Nikkei today. Explaining that Japan is falling behind the rest of the world in the utilization of digital assets, startups will now be able to legally hand over crypto instead of shares when a venture investment takes place. The report (paid) says the new rules will utilize the Investment Business Limited Partnership (LPS). The initial description appears to be very similar to the initial coin offerings (ICOs) of the not-so-distant past. It is interesting to see the ... (full story)