Japan's regulatory reform permits startups to secure crypto-based funding, diversifying finance and aligning with global digital currency standards
In a landmark development within the crypto industry, the Japanese government has announced a significant shift in regulations concerning startup funding. This change permits startups to accept crypto assets as an alternative to traditional stocks, ushering in a more inclusive and supportive environment for entrepreneurial ventures.
Japan, known for its strong foothold in technology and finance is struggling to keep pace with other advanced countries like China. China is now at the forefront of a global race to develop central bank digital currencies (CBDCs) and has ramped up its efforts in recent years. Accordingly, Japan has opted for this regulatory shift aimed to diversify the financing options available to startups while aligning Japan with international standards in handling digital currencies.