Japan Plans To Let Startups Raise Money From Venture Capital Firms By Selling Such Digital Assets As Cryptocurrency Instead Of Stock
Portfolio Pulse from Benzinga Newsdesk
Japan is planning to allow startups to raise funds from venture capital firms by selling digital assets such as cryptocurrency, instead of stock, according to Nikkei.
September 15, 2023 | 4:21 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The news could potentially impact the iShares MSCI Japan ETF (EWJ) as it reflects the performance of the Japanese economy.
While the news could potentially impact the Japanese economy, it's unclear how significant this impact would be on the iShares MSCI Japan ETF (EWJ).
CONFIDENCE 50
IMPORTANCE 40
RELEVANCE 30
POSITIVE IMPACT
The news could potentially increase the demand for Bitcoin as it may be used as a digital asset for fundraising.
If startups begin to use Bitcoin as a means of raising funds, this could increase the demand for the cryptocurrency, potentially driving up its price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The news could potentially increase the demand for Ethereum as it may be used as a digital asset for fundraising.
If startups begin to use Ethereum as a means of raising funds, this could increase the demand for the cryptocurrency, potentially driving up its price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50