In April, Japan’s Liberal Democratic Party released a comprehensive white paper outlining strategies to boost local cryptocurrency adoption as part of Prime Minister Fumio Kishida’s ‘Cool Japan’ vision. This initiative aims to promote the use of blockchain technology across multiple sectors and stimulate innovation within the cryptocurrency space. Japan’s approach diverges from many trends by fostering a favourable environment for Web3 companies to prosper rather than imposing stricter regulations. This strategy seeks to nurture domestic innovation, attract foreign investments, and position Japan as an attractive hub for Web3-related projects.