Japan's new Prime Minister reorganizes Web3 and cryptocurrency policy-making departments
On January 29th, Japanese Prime Minister Shigeru Ishiba restructured the ruling party's Web3 and cryptocurrency policy-making departments. According to Digital Minister Akira Hirata's announcement at a forum on November 27th, the Liberal Democratic Party will dissolve the existing Web3 Project Team (PT) and instead establish a specialized agency within the party's Digital Society Promotion Department, led by former Web3 PT Secretary General Akihisa Iwasaki.
The government stated that it will continue to promote the development of Web3 related businesses. The newly appointed Digital Minister, Akira Hirata, previously served as the head of Web3 PT and advocated for reforming Japan's cryptocurrency tax regulations. According to Shigeru Ishiba's campaign platform, the government plans to use blockchain technology and NFTs to promote local development projects, elevating the value of local products such as food and tourism experiences to a global level.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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