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, the bill, dubbed the Industrial Competitiveness Enhancement Act, opens new avenues for venture capital and positions Japan
as a significant player in the global crypto market. Having secured the approval of Japan’s cabinet, the
bill will be scrutinized by the parliament.
The Industrial Competitiveness Enhancement Act aims
to stimulate economic growth by promoting the creation of new businesses and investment
in industries driving Japan’s economy. By empowering medium-sized companies and
startups, Japan aims to strengthen innovation in the country.
Japan’s proactive approach to crypto regulation is evident in its efforts to establish a legal framework for stablecoins and digital assets. The country aims to promote innovation in the crypto space while prioritizing user protection,
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, the bill, dubbed the Industrial Competitiveness Enhancement Act, opens new avenues for venture capital and positions Japan
as a significant player in the global crypto market. Having secured the approval of Japan’s cabinet, the
bill will be scrutinized by the parliament.
The Industrial Competitiveness Enhancement Act aims
to stimulate economic growth by promoting the creation of new businesses and investment
in industries driving Japan’s economy. By empowering medium-sized companies and
startups, Japan aims to strengthen innovation in the country.
Japan’s proactive approach to crypto regulation is evident in its efforts to establish a legal framework for stablecoins and digital assets. The country aims to promote innovation in the crypto space while prioritizing user protection,
