Japan’s cabinet has passed a bill that expands the
investment landscape for venture capital firms and investment funds by
permitting them to acquire and hold crypto assets. If passed by parliament,
this move could catalyze investment in Web3 startups, positioning Japan at the
forefront of blockchain technology and decentralized finance.
According to the press release translated from
Japanese, this move opens new avenues for venture capital and positions Japan
as a significant player in the global crypto market.
This article was written by Jared Kirui at www.financemagnates.com.
