Japan's Ministry of Economy launches Web3 Policy Office
Categories: Crypto News US
Japan'sMinistry of Economy launches Web3 Policy Office
Japan's Ministry of Economy, Trade and Industry (METI)has established a Web3 Policy Office within the Ministerial Secretariatto promote the importance of digital assets in the country. According to anofficial announcement, the new Web3 Office will help create a better frameworkfor Web3-related businesses by gathering information from key industry playersand working with relevant parties towards developing an appropriate environmentfor Web3.
In addition, Web3 Office will bring together severaldepartments responsible for industrial finance, taxation and corporate systemsas well as media, digital content, sports, fashion and other industries. Japanis one of the latest countries to enter the metaverse with its push to expand Web3businesses and technology.
Not too long ago, KPMG, one of North America's 'Big Four'accounting firms, opened its first Metaverse collaboration center toinvestigate potential use cases across multiple industries. Despite the currentbearish situation for digital assets in general, companies and firms fromvarious industries are still betting big on Web3.
A week ago, Crypto News Australia reported that auction houseChristie's had founded Christie's Ventures, an investment fund for fintechcompanies looking to tap into the digital arts market.