Japan, once an economic powerhouse, has been grappling with economic stagnation since the early ’90s. The country, which missed out on the Web2 revolution — by failing to produce its own Meta, Google, Amazon, and Alibaba — is now looking to regain its economic prowess by embracing the burgeoning crypto and Web3 industry. In this regard, the Japanese government has already recognized the potential of this sector, so much so that it has made Web3 a major part of its national strategy.
For starters, in September 2022, the government published a white paper — which has since been approved — discussing the implementation of several future-ready technologies, including blockchain, central bank-backed digital currencies (CBDCs), etc, into its existing governance and technological frameworks.
As a result, a number of reputable Japanese firms, such as Toyota, Sony, and NTT, have showcased a keen interest in various decentralized offerings. Not only that but moving ahead, decision-make
We współpracy z: https://cryptodaily.co.uk/2023/05/why-japan-is-embracing-crypto-rapidly
