Japan's Ministry of Economy Launches Web3 Policy Office
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"Given that some entrepreneurs pursuing Web3-related business are leaving Japan for opportunities overseas, deliberations toward developing the business environment in Japan need to be accelerated."
The statement indicates that making policies will be a part of creating the Web3 business environment. As a result, the "Web3 Policy Office" might develop into more than merely a consulting organization.
University of Tokyo Introducing Academic Programs in Metaverse
The University of Tokyo, often known as Todai, revealed its initial lineup of academic programs that would be held in the Metaverse in July. Students from high school through working adults will be able to enroll in the courses. Other noteworthy Metaverse usages in Japan in recent months include opening a virtual support room for Hikkikomori on the SecondLife Metaverse platform, as well as the inauguration of 29 trade schools affiliated with the NSG College League in Niigata in the Metaverse in 2022.
Despite these striking Web3 achievements, Japanese regulators express concern about the issue of comprehensive crypto regulation. On July 18, an unidentified person "connected to both industry and government" claimed that the current framework for cryptocurrency regulation is failing.