#Write2Earn 🤓 Japanese authorities plan to allow local venture capital companies to invest in cryptocurrencies
Japanese authorities have approved a proposal that will allow Japanese venture capital firms to invest and hold cryptocurrencies.
Previously, companies could not do this directly. Venture investors could only receive shares of projects, but the ability to transfer digital assets was limited.
The draft amendment will be presented to parliament in 2024.
It is expected that this measure will improve the situation with local Web3 companies and help them attract funding.