ChainCatcher reported that Japan's largest cryptocurrency-themed event, WebX Conference, opened in Tokyo, Japan, and Japanese Prime Minister Fumio Kishida delivered a speech at the conference via video. Fumio Kishida said: "Web3 and blockchain technology are the basis for solving social problems." Fumio Kishida mentioned that the government has begun to promote specific measures including tax reform and legal amendments in order to help Web3 startups raise funds more smoothly.

In addition, Fumio Kishida also stated that in the "Basic Policy for 2024", efforts will be made to improve the use environment of Web3-related tokens, facilitate payments, and revitalize the content industry, while considering user protection.