JasmyCoin (JASMYUSD): Japan Moves Closer to Allowing Venture C...

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Tuesday, 02/20/2024 9:20:41 PM

Tuesday, February 20, 2024 9:20:41 PM

Japan Moves Closer to Allowing Venture Capital Firms to Hold Crypto Assets
If approved in parliament, the draft bill could see VCs fund Web3 startups in exchange for crypto assets.
By Amitoj Singh
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Feb 19, 2024 at 4:47 a.m. EST
Updated Feb 19, 2024 at 4:49 a.m. EST

https://www.coindesk.com/policy/2024/02/19/japan-moves-closer-to-allowing-venture-capital-firms-to-hold-crypto-assets/?_gl=1*1c53wz6*_up*MQ..*_ga*MTk3MjU5NzQ0Ny4xNzA4NDgxNzc2*_ga_VM3STRYVN8*MTcwODQ4MTc3NS4xLjAuMTcwODQ4MTc3NS4wLjAuMA..

Japan opens up Web3 investments for local VCs
ARIJIT SARKAR
FEB 19, 2024

Japan’s Ministry of Economy, Trade and Industry (METI) aims to promote the creation of new businesses and industries via increased domestic investments from limited partnership firms.

“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).”

https://cointelegraph.com/news/japan-web3-investments-partnership