Summary of featured presentations by Japanese government and Web3 policy officials | WebX Conference

Government and policy officials to take the podium

“WebX”, which will be held in Tokyo on July 25th and 26th, 2023, is also scheduled to feature government and policy officials.

For Japan, where economic strength such as gross domestic product (GDP) and declining international competitiveness have been long-standing issues, “Web3” centered on a new asset class is also a great opportunity in terms of facilitating global business development with an eye to the future of Japan.

In order to create new value and accelerate innovation, the challenge is to develop an environment such as a legal system that is suitable for companies and individuals to advance into Web3. Related ministries and agencies are considering measures to develop human resources who will lead innovation in Japan and attract them from overseas.

connection: Why did the Japanese government start promoting “Web3 policy”?Summary of important points and related news

Among the measures, the tax reform related to crypto assets (virtual currency) is attracting a lot of attention. Partial revisions to the virtual currency corporate tax rules were realized in June this year, partly due to efforts from the virtual currency industry. In addition, the taxation system for gains and losses on cryptocurrency transactions is also on the agenda.

connection: National Tax Agency officially announces partial revision of virtual currency corporate tax rules

Another area of ​​interest in the cryptocurrency field is measures related to stablecoins. On June 1, 2018, the amended Payment Services Act made it possible to issue stablecoins backed by legal tender. With the lifting of the ban on domestic issuance of stablecoins, it is also expected that the efficiency of payments between companies in Japan and overseas will increase.

connection: The possibility and prospects of the stable coin business in Japan revealed by the US Circle CEO

Led by Masaaki Taira, member of the House of Representatives and chairman of the Liberal Democratic Party Web3 Project Team, who has a wide range of knowledge about the Web3 industry, he is promoting policy proposals, and Japan’s Web3 policy crypto assets (virtual currencies) and blockchain areas are attracting a lot of attention from overseas.

First, lawmaker Takuya Hirai (former Minister of Digital Science), who has a foresight in the Web3 industry, said, “After taking a close look at how the NFT (non-fungible token) market develops, shouldn’t it be incorporated into Japan’s growth strategy?”

In addition, in May 2021, Seiji Kihara and Masaaki Taira led the launch of the Diet Members’ League for Blockchain Promotion.

connection:“NFT as a National Growth Strategy” Interview with Liberal Democratic Party Digital Society Promotion Headquarters Masaaki Taira

At the House of Representatives Budget Committee meeting held in February this year, Masaaki Taira, a lawmaker who vigorously promotes Web3-related policy proposals, stressed that “the most effective use of Web3 is the way Japan is currently winning (behind the rest of the world). First of all, it is important to prepare the environment.” “That’s why we made various proposals at the Cabinet Office’s Tax Commission (Tax System Research Commission) at the end of last year, and received some responses (although they were still inadequate).”

He points out the IP (intellectual property) layer of the content industry as a strength of Japan that is recognized around the world. In addition to pop culture (popular culture) such as manga and anime, gourmet and local sightseeing experiences are listed with regional revitalization in mind.

In response, Prime Minister Kishida

“There are various possibilities for using web3. For example, people who are interested in the same social issues can form a new community with DAOs (Decentralized Autonomous Organizations).”

And so on, he gave a forward-looking answer while using web3-related terms.

connection:Taira member “Why is web3 necessary for Japanese policy?” Prime Minister Kishida’s positive answer

Introduction of speakers

At WebX, the following people are scheduled to speak as government and policy officials.

• Prime Minister Fumio Kishida (video presentation)
• Koichi Hagiuda, Chairman of the Liberal Democratic Party Policy Research Council
• Yasutoshi Nishimura, Minister of Economy, Trade and Industry
• Masaaki Taira, member of the Diet (Chairman of the LDP web3 project team, etc.)
• Akihisa Shiozaki, member of the Diet (LDP web3 project team secretary-general, etc.)
• Masaki Bessho, Director of FinTech Center, Bank of Japan
• Kazunatsu Itagaki, Deputy Director, Web 3.0 Policy Promotion Office, Ministry of Economy, Trade and Industry
• Hirofumi Yoshimura, Governor of Osaka Prefecture

The schedule and contents of the main presentations of the above-mentioned parties are as follows (chronological order).

• Mr. Hagiuda: Opening remarks (7/25 9:35-9:45 International Stage B Building 7F)
• Prime Minister Kishida: Innovation in Japan and the Government’s Web 3 Policy (July 25, 9:45-9:50, International Stage B Building 7F)
• Dialogue between Mr. Shiozaki and Mr. Marc Mathieu of Salesforce: Web3 and AI Responding to the nation’s new technology (7/25 10:10-10:30 International stage B building 7th floor)
• Talk between Mr. Itagaki and Yuga Labs CEO: Future prospects and regulations of Web3 (7/25 10:30-10:50 International Stage B Building 7F)
• Discussion with Mr. Taira: Politics, bureaucracy, and private sector perspectives of Japan’s web3 center (7/25 10:30-11:00 Japan Stage B Building 7F)
• Bessho Joins Discussion: The Future of Money Can CBDC and Stablecoins Coexist? (7/25 13:50-14:10 International Stage B Building 7F)
• Mr. Yoshimura: Keynote Speech (7/25 17:30-17:15 Japan Stage B Building 7F)
• Mr. Nishimura: Guest speech (July 26, 9:15-9:20, location will be announced later)

Hirofumi Yoshimura, Governor of Osaka Prefecture, plans to make a presentation on Osaka’s concept of a global financial city.

We would like to inform you about Osaka’s international financial city concept. https://t.co/vf8aEmCRzn

— Hirofumi Yoshimura (Governor of Osaka Prefecture) (@hiroyoshimura) July 21, 2023

Osaka is a major domestic city promoting the “Osaka Digital Exchange” centered on security tokens (digital securities) and security token offering (STO) concepts.

“Osaka Digital Exchange” was established in March 2021 as a joint venture between SBI Holdings’ wholly-owned subsidiary and Sumitomo Mitsui Financial Group, and operates a private trading system (PTS) for shares.

connection:SBI-led new PTS market, Osaka Digital Exchange | Thorough explanation of the relationship with digital securities

In 2025, the Osaka Expo (Osaka International Exposition) is scheduled to be held.

With the theme of “People’s Living Lab”, Expo ’70 Osaka will play an important role as a place to introduce Japanese culture and emerging industries to participants and visitors from all over the world.

Furthermore, this time, Kazunatsu Itagaki, Deputy Director of the Ministry of Economy, Trade and Industry’s Web 3.0 Policy Promotion Office, is scheduled to talk with the CEO of Yuga Labs, a major NFT studio, about the “future potential of the Web 3 area and the state of regulation”, which is also attracting great interest.

In addition to blue chip NFT collections such as “BAYC (Bored Ape Yacht Club)” and “CryptoPunks”, he is also involved in a wide range of projects in the metaverse (virtual space) area such as “Otherside”.

connection:“Yugalab CEO x Ministry of Economy, Trade and Industry Web 3.0 Policy Promotion Office” Day 1 Featured Special Talk | WebX Conference

Featured session feature

In addition, don’t miss the many featured sessions of WebX that will be held from Day 1 to Day 2.

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There are only a few left until WebX.
There will be no Secret Speakers, but the exhibitors and speakers are almost complete.
Thank you very much for your cooperation.

SideEvents are being held one after another, so even if you can’t come to WebX, please join us!
Let’s have the best Web3 weekhttps://t.co/vsJQiecuvm pic.twitter.com/5Xk5RUcvMT

— Takahito Kagami｜CoinPost (@coinpost_kagami) July 22, 2023

What is WebX

WebX is Asia’s largest Web3 conference, gathering promising Web2/Web3 projects, companies, entrepreneurs, investors, developers, etc. from all over the world. It will be held at the Tokyo International Forum for the two days mentioned above.

Visitors will be able to participate in lectures (simultaneous interpretation in Japanese) by the world’s top projects and founders at Web3, networking, workshops by major blockchain development teams, and exhibitions of various companies and projects.

connection: Tokyo: Asia’s largest Web3 conference “WebX”, ticket sales start

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