Koichi Hagiuda, head of the Policy Analysis Council for the Japanese Liberal Democratic Party, and Japanese Prime Minister Fumio Kishida were among the prominent individuals that attended the WebX Convention, Asia’s largest international event focused on digital technology.
Each emphasized their support for Web3 expertise, with Hagiuda noting Japan’s already established regulatory environment and commitment to supporting Web3’s development, according to a CoinPost report.
Once more emphasizing Web3’s capacity to bring about societal change, PM Kishida expressed his hope that the convention will foster fresh, important projects that would have a substantial impact on the Metaverse.
A group from Japan’s Liberal Democratic Party issued a document in April that contained strategies for growing the country’s bitcoin industry. Their ideas include amending tax regulations, clarifying accounting rules, and enacting legislation governing decentralized online organizations.
The recommendations, which are a component of Prime Minister Fumio Kishida’s “Cool Japan” technology promotion strategy, aim to establish Japan as a crypto-friendly jurisdiction and affirm its leading position in responsible and tech-neutral innovation.
All Nippon Airways (ANA), the largest airline group in Japan, recently established ANA GranWhale, an NFT market that offers aviation photos and digital memorabilia on the Ethereum blockchain.
Despite the Financial Institution of Japan’s current lack of firm intentions for such a digital FX, Japan’s finance ministry continues to assess the viability of a central financial institution digital currency (CBDC).
