Summary
TLDR: Japan is advancing an economic reform bill that would allow investment limited partnerships to hold cryptoassets, aiming to foster new business creation and strategic domestic investment. This move signals a shift towards a more relaxed regulatory stance on crypto and positions Japan as a forward-thinking player in the global digital assets space. The bill now heads to the national legislature for approval.
Key Points
1. The Japanese government is advancing an economic reform bill with notable implications for the crypto industry.
2. A measure included in the proposal would allow investment limited partnerships to acquire and hold cryptoassets. These entities are commonly used for private equity, real estate investments, and venture capital investments.
3. The legislative proposal, published by Japan’s Ministry of Economy, Trade and Industry, now heads to the Diet, Japan’s national legislature.