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<p>Unsurprisingly, it’s one of the first countries to launch investment programs in Web 3 technology at the state level. Everything we imagine about modern Japan, sometimes the classic one, seems to be out of this planet. Everyone there already uses their avatar and chats as if in a Metaverse! Does this news bring Japan closer to this? Explore the article to find out!</p><p>Related: <a href="https://hodl.fm/web3-metaverse-for-digital-economy" rel="noopener noreferrer nofollow">Web3 and the Metaverse – Stronger Digital Economy</a></p><h2 id="header-0">Good News From the Ministry</h2><p>Yes, the Japanese decided to revise their existing laws to adjust to the modern world&#39;s challenges.</p><p>Hi, <a href="https://hodl.fm/gary-gensler-financial-journey-sec" rel="noopener noreferrer nofollow">Gary Gensler</a>!</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/44b1367426b0481ea5e4ef7e8146623b.gif" /></p><p>On February 16th, the Japanese government gave the thumbs up to a proposal that allows local investment limited partnerships to dive into cryptocurrencies. They can now buy or hold them as part of their assets. This update comes straight from the Ministry of Economy, Trade, and Industry.</p><p>The ministry <a href="https://www.meti.go.jp/press/2023/02/20240216001/20240216001.html" rel="noopener noreferrer nofollow">announced</a> on Friday that they&#39;ve green-lit a revision, tweaking the <a href="https://elaws.e-gov.go.jp/document?lawid&#61;425AC0000000098" rel="noopener noreferrer nofollow">Act on Strengthening Industrial Competitiveness</a>. This update aims to widen the scope of strategic investment, offering a boost to local startups and medium-sized businesses.</p><p>And they are happy! Look at the tweet of Hiro Kunimitsu – Founder &amp; CEO of <a href="https://gu3.co.jp/" rel="noopener noreferrer nofollow">Gumi.Inc</a>.</p><h2 id="header-1">READ MORE ON <a href="https://hodl.fm/category/news" rel="noopener noreferrer nofollow">HODL</a></h2>

Japan Becomes the Land of Web 3!

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