On August 28, Japan’s largest cryptocurrency-themed event, the WebX Conference, opened in Tokyo, Japan. Japanese Prime Minister Fumio Kishida delivered a speech at the meeting via video.
Kishida Fumio mentioned at the meeting the "new capitalism" (new capitalism) policy he advocated, and once again emphasized that solving social problems can be used as an engine for economic growth. In this context, Fumio Kishida said: “Web3 and blockchain technology are the basis for solving social problems.”
In addition, Kishida Fumio also mentioned that the government has begun to promote specific measures including tax reform and legal amendments to help Web3 start-ups raise funds more smoothly.
Kishida Fumio finally said that in the "Core Policy for 2024" (Kotai's Policy 2024), while focusing on user protection, we will start to promote "flexible use of Web3 tokens", "accelerate payments", and "promote the activity of the content industry" "Environmental improvement work.