Posted 2/19/2024, 9:47:00 AM
Japan Moves to Boost Web3 Startups with Crypto Investment Bill
- Japan's government approved a bill allowing venture capital firms and investment funds to hold crypto assets
- If passed by parliament, the bill could boost investment in Web3 startups
- Japan has taken a lead in regulating stablecoins and plans to promote Web3 while protecting users
- In September 2023, Japan indicated plans to relax rules for VCs investing in crypto startups
- The amendment aims to promote new business creation and support startups driving Japan's economy