Regulation
Japan decides to allow investment funds to hold cryptocurrencies
Japan moved closer to allowing venture capital firms and other investment funds to directly hold digital assets, after Prime Minister Fumio Kishida’s administration agreed to submit a revised bill to implement the change.
His cabinet on February 16 approved the text of a bill to partially amend the law on strengthening the country’s industrial competitiveness, according to a report. statement published on the Ministry of Economy, Trade and Industrythe website of. The bill states that “steps will be taken to add crypto-assets to the list of assets that may be acquired and held by investment limited partnerships,” referring to a vehicle used by venture capital firms to obtain capital for investments.