Fumio Kishida, Japan’s Prime Minister, emphasized his country’s determination to become a leading nation in Web3 innovation at the WebX2024 conference. He discussed recent tax reforms to support Web3 startups, including removing taxes on unrealized cryptocurrency gains. Kishida also highlighted new legislation allowing limited liability companies to invest in digital assets. He framed these initiatives as part of his “New Capitalism” policy, aiming to balance economic growth with social welfare. The Prime Minister noted the potential of Web3 and blockchain technologies in promoting financial inclusion, revitalizing content industries, and managing intellectual property. Kishida welcomed the private sector adoption of these technologies and reiterated the government’s active role in supporting this progress.
Source: cryptoslate.com
