TLDR:
- Japan has granted venture capital firms approval to directly invest in crypto assets, marking a significant shift in the country’s stance towards digital assets.
- The decision is expected to bring more capital into the crypto market and drive further adoption of blockchain technology.
Japan may have officially opened its doors to venture capital firms that are looking to foray into crypto investments. The Ministry of Economy, Trade and Industry announced the decision to include crypto assets in the list of assets that local investment limited partnerships may acquire or hold. This decision follows a recent proposal containing amendments to the Act on Strengthening Industrial Competitiveness. The approval allows Japanese VCs to invest in projects that issue virtual currencies directly.
This move is seen as a significant step forward in Japan’s approach to digital assets, potentially unleashing a wave of capital into the crypto market. Venture capital firms are now expected to play a key role in shaping the future of finance, driving innovation and opportunities in the sector. This decision not only benefits local startups and medium-sized companies but also opens up new possibilities for Web 3.0 companies in Japan.
