Japanese Prime Minister Shigeru Ishiba has reorganized the party's Web3 and cryptocurrency policymaking department. Digital Minister Masaaki Taira announced at a forum on November 27 that the Liberal Democratic Party will disband the existing Web3 Project Team (PT) and will create a dedicated department within the party's digital society promotion department. , led by former Web3 PT Secretary General Akihisa Shiozaki. The government said it will continue to promote Web3-related business development. Kishida envisions web3 and cryptocurrency as potential growth engines for the Japanese economy and promotes the adoption of blockchain technology and NFTs. (Cryptonews)