TLDR:
– Japanese government plans to relax VC crypto investment rules
– This move will allow venture capital firms to invest in Web3 companies
The Japanese government is considering revising VC crypto investment rules to allow venture capital firms to invest in Web3 companies. The cabinet has approved a move that could potentially let VCs hold crypto, which would revolutionize how Web3 firms raise funding in Japan. The move would change laws pertaining to Limited Partnership Funds (LPS) and could provide a major opportunity for Japanese Web3 startups. The government’s plan has been in the works since September and a bill will be submitted to parliament for approval. The move signals a shift in Japan’s approach to crypto investment and could open up new opportunities for startups in the country.
