US companies may soon gain a new way to raise large amounts of capital by issuing their own cryptocurrencies. The proposal could help make so-called token financing a new fundraising option for startups in the US.
Proposed rules drafted on Tuesday look to clarify how the current definition of cash equivalents applies to certain digital assets, such as stablecoins, and to increase transparency about the significant components of cash equivalents.
The proposal to raise the revenue threshold applying the simplified tax calculation method to 10 billion VND is expected to help many business households reduce compliance costs.
