AFFLUX TO HOST DEMO DAY — 《OUTLOOK OF WEB3 IN JAPAN：リソースフロー》
The Demo Day will incorporate dozens of co-organizers from the crypto field and nearly 50 venture capital, dozens of media outlets, and more than 50 Web3 early-stage projects.
Japan Will Launch Pilot for Issuing Digital Yen In April
Japan will launch a pilot programme in April to test the use of its version of the central bank digital currency (CBDC) known as the digital yen, its central bank said on Friday.
Bank Of Japan Latest To Announce Its CBDC Pilot
Japan is all set to launch a pilot program In April this year to test its digital currency Yen, announced the Bank Of Japan on Friday. The goal of this initiative is to explore the potential benefits and challenges of a digital yen, which could lead to its eventual adoption as a legitimate currency in Japan.
NFTs and DAOs Can Boost ‘Cool Japan’ Program, Japan PM Says
Fumio Kishida, the Prime Minister of Japan, has spoken in support of blockchain as a potential solution for technological issues the country is facing.
Prime Minister Fumio Kishida Says NFTs and DAOs can Bolster ‘Cool Japan’ Strategy
Blockchain-based non-fungible tokens (NFT) and decentralized autonomous organizations (DAOs) can help support Japan’s national strategy dubbed ‘Cool Japan’ to attract investment and expand the economy, Prime Minister Fumio Kishida said at the House of Representatives’ Budget Committee meeting on Wednesday. Kishida said NFTs, or digital assets comprising different art forms including video, will help creators diversify their income and maintain a loyal fanbase. He was responding to questions by Masaaki Taira, a member of the Liberal Democratic Party and leader of the government’s Web3 task force, according to Cointelegraph. (forkast)
How Japan’s ‘Trusted Web’ Could Improve Digital Governance
The Japanese government is developing a new system for digital governance known as the 'trusted web'. This shares some of the democratizing elements of Web3, but prioritizes trust and verification of information. The trusted web could offer a way to govern the internet transparently and safely, without the downsides associated with over-concentration of power.
Japan Wants Crypto ‘Regulated’ and ‘Supervised’ Like “Traditional Institutions”
The Financial Services Agency of Japan wants crypto to be regulated like banks.The country’s crypto policy has helped local FTX investors to access their funds.
Japan Urges the US and EU to Consider Regulating Crypto like Banks
Japan’s regulator, the Financial Services Agency (FSA), believes that the crypto industry should be under strict regulations similar to those that govern the operations of banks. The FSA is thus urging global regulators, particularly those in the United States and the European Union, through the Financial Stability Board, to institute measures and controls found in traditional financial industries in the crypto sector.
Japan Urges Other Countries to Regulate Crypto Companies like Banks
Japanese regulators are calling for other countries to regulate cryptocurrency like banks, according to a report from Bloomberg on Jan. 16. Mamoru Yanase, Deputy Director General for the strategy bureau at Japan’s Financial Services Agency (FSA), spoke to the news company. He said: “Crypto has become this big…If you like to implement effective regulation, you have to do the same as you regulate and supervise traditional institutions.” (cryptoslate)
Coinbase to Cut Jobs, Shut Down Most of its Cryptocurrency Operations in Japan
Coinbase Global Inc., the world’s second-largest cryptocurrency exchange by trade volume, is cutting jobs and closing down most of its operations in Japan, according to a Bloomberg report that cited the exchange’s vice president for international and business development, Nana Murugesan. “We’ve decided to wind down the majority of our operations in Japan, which led to eliminating most of the roles in our Japan entity,” Murugesan said in an interview with Bloomberg. He declined to comment on whether the Japan unit was up for sale. (forkast)
