Some Japanese VCs Would Invest Directly in Crypto and Web3 Startups

Crypto News – Japan intends to let limited partnership (LP) companies purchase and hold cryptocurrency assets in order to boost strategic domestic investments in Web3 enterprises.

Some Japanese VCs Would Invest Directly in Crypto and Web3 Startups

A measure to change four significant acts, including the Act on Investment Limited Partnership Agreements, was passed by the Japanese Ministry of Economy, Trade, and Industry (METI) in order to encourage the development of new firms and industries through higher domestic investments.

We will take measures such as the addition of crypto assets to the assets that can be acquired and held by investment limited partnerships (LPS).

revision translation

The Number of Web3 Communities Operating in the Region May Increase

In a statement released on Friday, the ministry stated that the Act on Strengthening Industrial Competitiveness would see changes with approval, expanding strategic investment to promote small and medium-sized businesses in the area. According to a local news source, Coinpost, such a reform would allow venture capital firms to fund initiatives that exclusively issue cryptocurrency. The ministry stated in the statement that the bill has been presented to the legislative body for consideration after receiving cabinet approval. As such, the Web3 community in the area anticipates an increase in the number of blockchain and cryptocurrency firms that are based in Japan.