Analysis: Japan's new prime minister will promote the crypto economy and improve blockchain regulation
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Japan's newly elected Prime Minister, Sanae Takaichi, may open the door to developing more "comprehensive" regulatory laws to promote the country's cryptocurrency economy, potentially making the country the next global center for cryptocurrency companies. Experts say that her leadership may take a more open stance on technical experiments, including blockchain innovation, while maintaining Japan's strict regulatory standards.
Elisenda Fabrega, Chief Legal Officer of tokenization platform Brickken, said that Takaichi's election may have a "significant impact on the recognition and governance of digital assets in Japan." Takaichi has previously expressed support for "technological sovereignty" in public positions, including "strategically developing digital infrastructure, including blockchain technology." "From a legal perspective, this suggests that her government may adopt a posture that is not only tolerant but also actively promotes the digital economy."
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