The Japanese will allow startups to issue crypto tokens instead of stocks when they seek public funding. The move intends to diversify the income streams new businesses can tap.

The new form of equity financing is subject to a law called the Limited Partnership Act for Investment. The Act sets out the conditions under which so-called limited liability partners can sell shares to unlimited liability partners.

New Regulations Boost Crypto Adoption

Japan has arguably the most mature crypto regulations in the world, having been home to Mt. Gox, once the largest Bitcoin exchange on the planet. It introduced new stablecoin legislation in early June to allow banks, money transfer agents, and trust companies to issue the tokens.

Interested in learning more about stablecoins? Read our handy guide here.

Danny Chong, of decentralized finance yield platform Tranchess, recently told BeInCrypto that yen-backed stablecoins are growing in popularity. They have accrued $500 billion in transaction volume so far. This comes as dollar-based stablecoins are enjoying a reputational boost due to the launch of PayPal’s PYUSD asset.

Crypto exchange Binance recently secured a license to operate in Japan after the government revised its requirements. The move came after regulators in the US accused the exchange of mishandling customer funds, among other things, a move which has put pressure on the company’s business and catalyzed its Asian expansion.

ICO
Go to Source to See Full Article
Author: David Thomas

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details