On November 29th, BlockBeats news reported that Japanese Prime Minister Shigeru Ishiba restructured the ruling party’s Web3 and cryptocurrency policymaking departments. Following an announcement by Digital Minister Taira Shoaki at a November 27th forum, the Liberal Democratic Party plans to dissolve the existing Web3 Project Team (PT) and establish a specialized agency within the party’s digital society promotion department, led by former Web3 PT Secretary-General Akihisa Shiozaki.
The government has stated its commitment to fostering the growth of Web3-related businesses. New Digital Minister Masaaki Taira, who previously headed Web3 PT, supports revising Japan’s cryptocurrency tax regulations. According to Ishiba’s campaign platform, the government aims to use blockchain technology and NFTs to promote local development projects and elevate the value of local products, such as food and tourism experiences, to a global level.
Source
<p>The post BlockBeats: Japan’s Ruling Party Reorganizes Web3 and Cryptocurrency Policy Departments for Growth and Development. first appeared on CoinBuzzFeed.</p>
