The lawmaker considered the brains behind Japan’s crypto policy said officials must do even more to relax rules on the industry, after the country’s regulator decided to make it easier for exchanges to list virtual coins.
"This is still not enough,” Masaaki Taira, who heads the ruling Liberal Democratic Party’s web3 project team, said in an interview. "I don’t think we can stop here.”
Taira’s team drafted a white paper for the industry in March, and he’s widely acknowledged to have persuaded Prime Minister Fumio Kishida to make growing the web3 market a part of his administration’s annual policy guidelines released in June. As well as easing crypto listing regulations, the government has vowed to support blockchain-based technologies as part of efforts to boost the world’s third-largest economy.