financemagnates.com
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.