Japan to let startups sell digital tokens to venture capital funds

Rules have restricted domestic investment in burgeoning Web3 field

20230915N cryptocurrency coins dollar bills REU

Japanese securities law restricts limited partnerships from participating in coin offerings by startups. © Reuters

ANNA NISHINO, Nikkei staff writer

TOKYO -- Japan plans to let startups raise money from venture capital firms by selling such digital assets as cryptocurrency instead of stock, providing more funding avenues for up-and-coming companies involved in blockchain technology.

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