WEB 3 Update!!!
Japan is seeking to relax its venture capital (VC) crypto investment rules, allowing VCs to invest in Web3 startups that only issue cryptocurrencies. The Japanese Cabinet has approved revisions to the Act on Strengthening Industrial Competitiveness.
What You Should Know!!!
As part of the proposed amendments, the Cabinet seeks to add crypto assets to the list of assets that investment business limited partnerships (LPS) can acquire. LPSes are typically funds that invest in unlisted companies and startups.
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