Japan plans to allow certain venture capital institutions to directly invest in cryptocurrency and Web3 startups
The Japanese Ministry of Economy, Trade and Industry announced that the Japanese Cabinet has approved a proposal to add cryptocurrencies to the list of assets that local investment limited partnership companies can obtain or hold. According to a revised bill released by the ministry last Friday, "the revision of the Industrial Competitiveness Enhancement Act will expand support for strategic investments in small and startup companies." According to local news media Coinpost's report on Saturday, this revision will allow venture capital firms to invest in projects that only issue cryptocurrencies. The ministry stated in a statement that after the Cabinet's approval, the bill has been submitted to the legislative body and will be deliberated. It is reported that Japanese limited partnership companies are usually used to invest in unlisted companies, which has become a common measure for venture capital firms to invest in startups.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Topics related to "Trump issues virtual currency" once ranked TOP2 on Douyin's social list
"Trump's net worth soared 400% overnight" became a hot search on Weibo
SOL breaks through $290