TLDR:
- Japan has revised a bill allowing venture capital firms to invest in crypto assets.
- This move aims to foster web3 expansion in Japan and facilitate crypto investment.
Japan has taken steps to include crypto assets as permissible investment vehicles for Venture Capital, aiming to promote web3 expansion in the country. The Japanese Ministry of Economy, Trade and Industry has approved a bill proposing amendments to the ‘Act on Strengthening Industrial Competitiveness’ to allow venture capital firms to invest directly in cryptocurrency assets. The reform seeks to lift restrictions on acquiring and holding crypto assets, stimulate web3-based business growth, and streamline capital raising for investment Limited Partnerships.
In line with its efforts to foster the crypto landscape, Japan previously allowed crypto fundraising in 2023 and initiated regulations targeting stablecoins offerings. The trading of digital securities has also commenced in the country, marking a significant step towards diversifying asset portfolios and attracting potential investors. These developments reflect Japan’s commitment to embracing digital innovation and establishing itself as a leading digital hub in the region.
