Japan’s Prime Minister, Fumio Kishida, spoke at the WebX web3 conference in Tokyo, highlighting the potential of web3 to transform the traditional internet framework and drive social change. Kishida emphasized the government’s commitment to creating an environment that supports web3 as part of their “new capitalism” economic policy. He hoped that the conference would be a platform for major Japanese companies to announce projects focused on creating valuable economic zones within the metaverse.
Key Points:
– Japan has an advantage in web3 due to its proactive regulation of the cryptocurrency market.
– International cooperation is important for web3, and Japan is open to collaborations with partners from the US, France, Singapore, and others.
– The LDP’s digital society promotion headquarters established a “web3 project team” in January 2022, recognizing web3 as the new frontier of the digital economy.
– Binance CEO Changpeng Zhao confirmed the launch of their new platform in Japan, following the acquisition of the local exchange platform SEBC.
Hot Take:
The Japanese government’s focus on web3 and its commitment to creating an environment conducive to its growth demonstrate their recognition of the potential benefits and importance of this emerging technology for driving economic growth and societal change. This proactive approach positions Japan as a leader in the web3 space and opens up opportunities for collaboration with international partners. The launch of Binance’s new platform in Japan further solidifies the country’s position as a key player in the development of web3 technologies.
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