Wu said that according to Cryptonews, Japanese Prime Minister Shigeru Ishiba reorganized the ruling party’s Web3 and cryptocurrency policy-making departments. The new 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 instead set up a special agency within the party’s Digital Society Promotion Department, led by former Web3 PT Secretary Akihisa Shiozaki. The government said it will continue to promote the development of Web3-related businesses. Previously, Masaaki Taira served as the head of Web3 PT, who advocated reforming Japan’s cryptocurrency tax regulations. In addition, according to Shigeru Ishiba’s campaign manifesto, the government plans to use blockchain technology and NFTs to promote local development projects and maximize the value of local products such as food and tourism experiences.
