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Japan is considering changes to the law that would allow cryptocurrency intermediaries, such as investment funds, to directly hold and manage digital assets. This move is part of Prime Minister Fumio Kishida's economic revitalization strategy, which focuses on supporting Web3-based businesses.
If enacted, this law will allow venture capital and investment funds to incorporate crypto assets into their portfolios, overcoming previous limitations that hindered such investments. This initiative aims to strengthen Japan's position as a leader in the global digital asset market and drive innovation in the financial and blockchain sectors.
This change is in line with Japan's recent efforts to relax regulations related to cryptocurrency, such as tax requirements and token listings, reflecting a shift towards a more supportive regulatory framework.
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