Japan is developing the Web3 industry

3 years ago

Japan's digital agency has launched a DAO application that aims to explore the Web3 segment. Experts will study the functions and roles of the DAO, and a number of legal issues. Also, attention is paid to the issues of protection against blockchain crimes.

The agency will explore other issues, related to digital innovation. In particular, it is planned to launch NFT testing. An important task - to create conditions so that the token does not fall under the AML.

Japan is considered one of the countries with the strictest regulations in the cryptocurrency industry. However, the government has taken many steps towards regulation. For example, in October, Japanese Prime Minister Fumio Kishida announced plans to increase investment in NFTs and metaverses.

In the near future - the digitization of documents, as well as the development of assistive technologies. For example, the production of semiconductors, IT and so on.

Earlier, the Japanese authorities came up with information about tax breaks for cryptocurrencies.

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