Japan plans to allow venture capital companies to invest in crypto assets
The Ministry of Economy, Trade and Industry of Japan issued a positive opinion on the draft law legalizing the access of investment capital to the cryptocurrency market. The amendment to the Law on Strengthening Industrial Competitiveness, agreed by officials, directly allows Japanese investment venture companies to invest in the development of crypto projects and blockchain. The explanatory note states that the updated law will make Japan’s national crypto startups financially dependent on foreign capital. Government…
