Japan is opening its doors to cryptocurrencies by allowing investment funds to hold digital assets directly.
Kishida’s Support
Prime Minister Fumio Kishida’s government has approved a bill that will amend the Industrial Competitiveness Enhancement Act. This amendment will allow venture capital firms and investment limited partnerships to include crypto assets in their portfolios.
Growing Recognition
Japan has been gradually easing its crypto regulations, recognizing the potential of digital assets. The government’s economic agenda includes supporting Web3 startups, which often use cryptocurrencies for funding and investment exits.
Increased Exposure
The proposed amendment would give investment funds greater flexibility to engage with cryptocurrencies. This move signals a shift in Japan’s regulatory landscape and a growing acceptance of digital assets in the investment ecosystem.
Market Impact
The bill’s progress through the Diet will be closely watched by industry stakeholders. The outcome could shape Japan’s future regulations and its position in the global blockchain and digital landscape.
Global Crypto Market
The global cryptocurrency market has surpassed $1.92 trillion in total market capitalization. Bitcoin remains the dominant player, with a market cap of $1.02 trillion.
