The official Japanese government pension fund is curious about Bitcoin (BTC) and crypto.
On Tuesday, the Government Pension Investment Fund (GPIF) asked the public for information about illiquid assets in which it has not yet invested.
The fund listed specific examples of potential investments it is seeking information on, including forests, farmland, gold and crypto assets such as Bitcoin.
According to Top1000funds.com, the GPIF is the largest pension savings fund in the world. The fund is already invested in domestic bonds, domestic equities, foreign bonds, foreign equities, real estate, infrastructure and private equity.
The GPIF’s request came amid a potential shift in the crypto landscape in Japan. Reports last month indicated that Japanese Prime Minister Fumio Kishida’s government was proposing revised legislation that would lift a restriction that prevents investment funds and venture capital firms from directly holding cryptocurrencies.
The legislative move is reportedly part of Kishida’s broader efforts to revive Japan’s economy, including supporting Web3 companies. The proposal adds to Japan’s recent decisions to relax some of its strict rules on crypto token listings and taxes.
Bitcoin is trading at $62,179 at the time of writing. The highest-ranked crypto asset by market capitalization has fallen more than 8% in the past 24 hours.
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