JAPAN TO LET STARTUPS SELL DIGITAL TOKENS TO VENTURE CAPITAL FUNDS

Summary from the TLDR Crypto newsletter

Japan is set to revise its legislation to give startups, particularly those operating in the crypto space, the green light to raise funds through digital assets, such as cryptocurrency, from venture capital firms. The amendment, expected to be presented to parliament in 2024, will diversify the asset range accessible to limited partnerships and boost investment into a relatively underexplored sector in the country. Japan is also considering crypto and token tax exemptions to further encourage investment.