NFT Policy-Making Group Formed by Formation of Japanese Lawmakers, WEB3 Appoints Minister!

With the NFT Policy-Making Group’s call for a Web3 minister, it is revealed what people are waiting for.

• -The latest situation about the new NFT task force of the ruling Japanese political party fell like a bomb on the agenda. In particular, the government continues to work on appointing a Web 3.0 minister.
• -As in the papers earlier in the year, ruling Japan since 1955 continued by starting a task force on NFT policy power with the NFT Policy Review Project Team.

Japanese media outlets commented on the tweets of Coinpost and LDP deputy task force member Akihisa Shiozaki, along with the reviews that emerged as a result of the evaluations of the tweets. In this tweet, the group of party members stated that Japan needed innovation guidance in the Web 3.0 era. It has taken a step for those who are curious about the subject by publishing a tweet whitepaper explaining that with the growth of the government in the domestic NFT sector, allocation will be required as a growth engine for this situation.

Latest Status Information About the WEB3 Minister of Social Media

It is explained that an inter-ministerial information desk is also needed by the minister responsible for Web3-related issues in cases arising through newspapers and social media. At this rate, an appointment is expected to take place.

• -The group has also requested permission to oversee secondary sales in the NFT market and, subject to conditions, to manage cryptocurrencies in escrow services.
• -As these situations progress, they recommend that the government should establish security conditions against the uncontrolled export and sale of NFTs, according to newspaper statements. It is also stated that a certain mechanism is needed especially to ensure the safety of investors.
• -Talking about the developments in the metaverse along with the technical reviews, the newspapers also state that Japanese businesses should also help them to set global standards, with the government taking the initiative.
• -According to the latest statements of the group, they also criticized the fact that Japanese NFT companies remained behind in the world because they were wandering about the situations in which they made many regulations and related to their taxes.
• -The group working for possible support in the sector stated that the obstacles are too many and announced that they decided to move their companies overseas for a more promising working process.