Japan allows startups to offer cryptocurrencies as an alternative to stocks

The Chinese journalist “Colin Wu”, a specialist in the field of cryptocurrencies, conveyed news about new developments in the regulation of cryptocurrencies in Japan.

According to an article in the magazine “Nikkei”, the Japanese government plans to ease the regulatory rules for startups that want to raise capital.
Now these companies can receive investments in the form of cryptocurrencies instead of issuing shares, in a move similar to an initial public offering (ICO) of cryptocurrencies.
It is worth noting that these changes will be valid only for investment funds that work with limited partnerships.
In another related news, Binance, the largest cryptocurrency trading platform by volume, has returned to the Japanese market after a two-year ban.
The ban was the result of charges brought against the company by the Japanese financial authority FSA for illegal financial activities.

Last November, Binance bought a local trading platform called “Sakura” and in August announced plans to launch a subsidiary under the name of Japanese Binance.

While Japan seems to be progressing in the field of cryptocurrency regulation, the United States seems to be lagging behind in this context.
The US Securities and Exchange Commission, led by “Gary Gensler”, is mostly busy pursuing crypto companies and imposing fines on applications in the field of decentralized finance.
It also seeks to delay the issuance of bitcoin-linked ETFs.
But despite all these regulatory restrictions, the investment fund Grayscale managed to win a legal case against the authority, which gives hope that the applications submitted to it will be reviewed more seriously.