WebX opening Prime Minister Fumio Kishida makes a video presentation | WebX Conference

Web3A place for business exchange and development

On July 25th, Asia’s largest global conference “WebX”, planned and operated by CoinPost Co., Ltd., where major players, startups, companies, investors, government officials, media, and general visitors from Japan and overseas gathered together, finally opened.

Koichi Hagiuda, chairman of the Liberal Democratic Party’s Policy Research Council, delivered the opening address for WebX, showing his support for Web3 startups.

Hagiuda asserted Japan’s superiority amid growing cautious attitudes around the world toward adopting an emerging technology called Web3. He said that Japan has already established a strict regulatory environment to protect individuals, and that the government, political circles, and the private sector are working together to promote Web3.

In particular, Mr. Hagiuda focused on the global nature of Web3 and pointed out the importance of building a network with overseas. The Ministry of Economy, Trade and Industry-led project “Start Next Innovator” has dispatched about 1,000 entrepreneurs and students to Silicon Valley over the past five years, and the Ministry of Economy, Trade and Industry’s new dispatch program “J-StarX”, which will start this fiscal year, plans to expand the dispatch areas to include the United States, France, Singapore and other countries. By utilizing these startup support measures, Mr. Hagiuda has high hopes for the birth of excellent startups.

Next, Japanese Prime Minister Fumio Kishida took the stage with a video message. He touched on the Kishida administration’s “new capitalism” and explained that he emphasized “using the resolution of social issues as the engine of growth.”

He said that Web3 has the potential to transform the conventional framework of the Internet and lead to social change, and that the government is working to improve the environment for promoting Web3.

Prime Minister Kishida expressed his expectation that this conference would bring together key players in the industry to discuss the future of the industry and accelerate business collaboration between Japan and other countries. In particular, he said that he strongly hopes that major Japanese companies will announce to the world at this conference a large-scale project to build a valuable economic zone in the Metaverse space.

Finally, Prime Minister Kishida expressed his enthusiasm by saying, “I hope that the Web3 industry will regain its attention and vitality, and that various new projects will be born.”

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

History of Japan’s Web3 policy

The “web3 project team (formerly: NFT policy review project team)” established by the Liberal Democratic Party’s Digital Society Promotion Headquarters in January 2022 regards Web 3.0 as “a new frontier for the digital economy,” and proposes the development of an economic zone that includes NFTs as a national strategy. In response to this, the headquarters announced “Digital Japan 2022” and made proposals on digital measures, including tax issues in Japan.

In response to these recommendations, the Japanese government will make a cabinet decision in June 2022 on a growth strategy that incorporates the development of a Web 3.0 environment. The company has announced a policy to improve the environment for promoting Web 3.0 by using NFT and DAO. This can be said to be part of the “new capitalism” advocated by the Kishida administration.

In May 2022, Prime Minister Kishida gave a speech at City, the UK financial district, stating, “We will create a society in which new services can easily be created by developing an environment for promoting Web 3.0, such as blockchain, NFT, and the Metaverse.” A similar policy is also shown in the “Five-Year Startup Development Plan” announced in November of the same year.

Relevant ministries and agencies, including the Financial Services Agency and the Ministry of Economy, Trade and Industry, have been making full-scale efforts to develop the Web 3.0 business environment since the second half of 2010, and part of the corporate tax on virtual currencies was revised in the fiscal 2011 tax reform. This has created a better environment for start-up companies that have flowed overseas.

In April 2011, Masaaki Taira, a member of the House of Representatives of the Liberal Democratic Party, reported that the “web3 white paper” and “AI white paper” had received approval at the Liberal Democratic Party Policy Research Council. This is expected to influence government policy making.

connection:web3 and the AI ​​field are LDP policies, and the LDP Policy Council approves the white paper

Speaker profile

101st Prime Minister Fumio Kishida Member of the House of Representatives. Chairman of the Liberal Democratic Party, Hiroikekai. He was elected 10 times in Hiroshima Prefecture’s 1st district (since his first election, he has been elected in a row). 1982 Graduated from Waseda University Faculty of Law Joined The Long-Term Credit Bank of Japan. He became a secretary to a member of the House of Representatives in 1987 and was elected to the House of Representatives for the first time in 1993. He has held important posts such as a member of the House Steering Committee (facilitator), director of the Accounting Bureau of the Liberal Democratic Party, and Minister of State for Special Missions in the Cabinet Office. Since 2012, he has been Minister of Foreign Affairs, and in 2017, he also served as Minister of Defense, and also became Chairman of the Policy Research Council. He announced his candidacy in the LDP presidential election in 2009, won first place in both votes, was elected LDP president, and became prime minister in the same year.

Mr. Koichi Hagiuda. He has served as Minister of Economy, Trade and Industry and Minister of Education, Culture, Sports, Science and Technology, and in August 2022, he was appointed Chairman of the Policy Research Council. As chairman of the Policy Research Council, he is responsible for coordinating the budget and bills with all ministries and agencies as the ruling party’s chief policy officer, and is responsible for pre-deliberations before submission to the Diet. Regarding the “new capitalism” promoted by the Kishida administration, Koichi Hagiuda, chairman of the Policy Research Council, is entrusted with coordination among the ruling parties and the final draft of the “Basic Policy for Economic and Fiscal Management and Reform 2023 (Basic Policy),” which the government will compile in June.

The post WebX opening Prime Minister Fumio Kishida makes a video presentation | WebX Conference appeared first on Our Bitcoin News.