Japan's Ministry of Economy, Trade and Industry (METI) launches its own <a href="https://www.cryptoknowmics.com/news/former-meta-staffs-help-aptos-labs-raise-money-surge-in-web3-startups/" target="_blank" rel="noopener">Web3</a> Policy Office in the Minister's Secretariat, serving as a crucial milestone for the keyword. The new organization pledges to bring together the divisions in charge of corporate systems, taxation, industrial finance, media and content, sports, fashion, and other entertainment-related enterprises. According to the statement made on July 15, the new office's mandate is to improve the framework for analyzing business environment concerns related to Web3:
<blockquote><em>"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."</em></blockquote>
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.
<h2>University of Tokyo Introducing Academic Programs in Metaverse</h2>
The <a href="https://www.u-tokyo.ac.jp/en/" target="_blank" rel="nofollow noopener">University of Tokyo</a>, 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.

Japan's Ministry of Economy Launches Web3 Policy Office

Japan's Ministry of Economy, Trade and Industry (METI) launches its own Web3 Policy Office in the Minister's Secretariat.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Japan's Ministry of Economy Launches Web3 Policy Office

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