Japanese Prime Minister Fumio Kishida: Web3 and blockchain technology are the basis for solving social problems

Odaily News On August 28, Japan's largest cryptocurrency-themed event, WebX Conference, opened in Tokyo, Japan, and Japanese Prime Minister Fumio Kishida delivered a speech at the conference via video. At the conference, Fumio Kishida mentioned his "New Capitalism" policy, and reiterated 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, Fumio Kishida also mentioned that the government has begun to promote specific measures including tax reform and legal amendments in order to help Web3 startups raise funds more smoothly. Fumio Kishida finally stated that in the "Core Policy for 2024" (Bone Tai's Guide 2024), while paying attention to user protection, he will start to promote environmental improvements such as "flexible use of Web3 tokens", "accelerated payments", and "promoting the activity of the content industry".