Japan commits to Web3 drive while Binance announces August launch to Japanese crypto users.
Kishida went on to describe the Web3 sector as “the new form of capitalism” and hailed its the movement’s potential to drive growth through the “resolution of social issues”.
The opening speech given by Koichi Hagiuda, Japan’s Liberal Democratic party’s Policy Research Council chairman, noted Japan’s efforts to establish a strict regulatory framework aimed at protecting investors that form the basis of further promotional Web3 policies. Hagiuda also highlighted projects like the “Start Next Innovator” as key in driving the growth of Japanese-owned Web3 businesses. Japan’s Economy, Trade and Industry ministry project is sending 1,000 entrepreneurs and students to Silicon Valley over a five year campaign to foster Web3 startups.Binance verified reports with Cointelegraph that it is set to offer its services to Japanese cryptocurrency users from August onwards.
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