Japanese Prime Minister Says Government Investment in Digital Transformation Will Include Metaverse and NFTs

According to Fumio Kishida, the Japanese government's investment in digital transformation included issuing NFTs to local authorities using digital solutions.< /p> New

Fumio Kishida, Prime Minister of Japan since 2021, said the government will work to promote Web3 services, including those dealing with non-fungible tokens, or NFTs, and the metaverse.

In an October 3 speech to Japan's National Diet, Kishida said the government's investment in the country's digital transformation already included issuing NFTs to local authorities using digital technology to solve problems. in their respective jurisdictions. He also alluded to the digitization of national identity cards. In addition, the prime minister said the cabinet would "promote efforts to expand the use of Web 3.0 services that use the metaverse and NFTs".

First Minister Fumio Kishida addressing the National Diet of Japan on October 3. work on regulatory reform related to the technology sector. The current Prime Minister, who took office in October 2021, followed former Prime Minister Yoshihide Suga, who hinted that he was in favor of taxing Bitcoin (BTC) transactions in Japan.

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