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Japan’s Financial Services Agency relaxes regulations on employee rights of tokenized LLCs

Japan’s Financial Services Agency relaxes regulations on employee rights of tokenized LLCs

CointimeCointime2024/02/07 08:43
By:Cointime

According to Coinpost reports, the Japanese Financial Services Agency has announced a revision to the definition of the second article of the Financial Instruments and Exchange Act, which aims to give limited liability company-type DAO members the same rights as regular LLC members in terms of token ownership. This measure is expected to ease regulations on the rights of tokenized LLC employees and simplify DAO operations.

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