Japanese Startups Allowed to Issue and Sell Tokens to Attract Investments
The Japanese government plans to permit the attraction of investments through the issuance and subsequent sale of tokens.
The Japanese government plans to permit the attraction of investments through the issuance and subsequent sale of tokens.
Token issuers in Japan are exempt from paying 30% tax on unrealized profits from issued and held coins after clarification of the relevant law by the National Tax Agency.
The company is looking into selling its Japanese division as part of a strategic plan to reorient the business from retail to institutional.
The Japanese authorities plan to adopt new regulations to allow non-Japanese-issued stablecoins to be listed on local crypto exchanges by June 2023.
Crypto exchange Kraken has announced the suspension of its activities in Japan from January 31, 2023 and deregistration with the FSA, the country’s financial regulator.
Japan is exploring options for creating a national digital currency.
The Cabinet of Ministers of Japan has approved a reduction in requirements for issuers of tokens that are placed on exchanges.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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