A Bloomberg report highlights that Japan is moving forward with plans to allow venture capital firms and other investment funds to directly possess cryptocurrency assets.

The administration under Prime Minister Fumio Kishida has concurred on introducing a revised bill aimed at facilitating this significant shift in the nation's cryptocurrency policy.

This development underscores Prime Minister Kishida's support for integrating cryptocurrencies more comprehensively into Japan's economic framework, paving the way for broader acceptance and utilisation of digital currencies within the country's investment community.

This legislation is poised to redefine how cryptocurrencies are viewed and handled by institutional investors in Japan, potentially encouraging greater investment and innovation in the crypto space.