Share this article
Japan Signals More Web3 Promotion Policies Are Coming
Japan's Prime Minister Fumio Kishida said on Tuesday that the country plans to improve the environment for Web3 when it comes to using tokens and revitalize the content industry.
Updated Jul 25, 2023, 6:21 a.m. Published Jul 25, 2023, 4:37 a.m.
Japan's Prime Minister Fumio Kishida said that the country's annual broad policy outline includes measures that take user protection into account while also improving the environment for utilizing Web3 tokens and revitalizing the content industry.
Kishida made these remarks in a recorded video broadcast at the WebX conference in Tokyo which opened Tuesday, continuing the Liberal Democratic Party's embrace of Web3.
STORY CONTINUES BELOW
The country's leader reiterated that “Web3 is part of the new form of capitalism,” referring to his flagship economic policy intended to drive growth and wealth distribution by focusing on innovation, startups and digital transformation.
“A major Japanese company will announce an ambitious large-scale project that will create a valuable economic zone in the metaverse,” Kishida said.
The ruling Liberal Democratic Party's policy research council chairman Koichi Hagiuda took to the stage just before Kishida's speech to lay out the party's stance towards Web3, saying that even those unfamiliar with the industry should take an “inclusive stance.”
Since last year, a handful of politicians in Japan have been working on policy and guidelines for NFTs, stablecoins and DAOs, and done away with an onerous tax requirement which drove project founders away from the country.
Read more: Circle Considers Issuing Stablecoin in Japan Under New Rules
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Citadel Securities and DeFi Waging War of Words Through SEC Correspondence
The investing giant had asked the U.S. Securities and Exchange Commission to treat DeFi players like regulated entities, and the DeFi crowd pushed back.
What to know:
- A feud conducted over U.S. Securities and Exchange Commission (SEC) correspondence has developed between Citadel Securities and the DeFi sector, arguing over whether DeFi protocols should be more regulated.
- The DeFi space is calling out the investment firm for its approach to the securities regulator.
Top Stories
