Japan is on the verge of a significant policy shift that could transform its venture capital landscape. According to Coinpost, the Japanese government, under Prime Minister Fumio Kishida's administration, has approved a proposal, now awaiting parliament's approval, that would enable venture capital firms to directly hold and invest in crypto assets, including #Bitcoin. This move, aimed at boosting the Web3 sector and reported by @amitoj, marks a departure from existing regulations that prevented Japanese VCs from directly investing in cryptocurrency projects. The administration has agreed to submit a revised bill to implement this change, reflecting Japan's commitment to fostering innovation within the digital asset space.