Japan’s cabinet has approved a bill that would allow limited liability partnerships (LLPs) including venture capitalist (VC) firms to invest in Web3 cryptocurrency tokens. Called the Industrial Competitiveness Enhancement Act, the measure is meant to advance the creation of new business and investment in Japan’s industries.

If the legislation passes, it would loosen Japan’s strict VC cryptocurrency investment rules and finally grant Web3 startup firms that only issue cryptocurrencies…

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