Newly appointed Japanese Prime Minister Shigeru Ishiba plans to utilize blockchain technology and non-fungible tokens (NFTs) to increase the value of local assets such as food and tourism globally. Ishiba aims to develop web3 technology to boost regional economies and promote sustainability and innovation. Traders and crypto investors see Ishiba's win as a positive sign for Japan's crypto ecosystem. Furthermore, Masaaki Taira, the chief of LDP's Web3 task force, is a leading candidate for the Minister of Digital Affairs position in Ishida's cabinet. Japan's Financial Services Agency is also planning to review cryptocurrency regulations, potentially resulting in lower taxes and increased investment opportunities in tokens.



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