Japan’s Ministry of Digital has announced that it has established its own DAO to explore the functions and roles of DAOs (decentralized autonomous organization).
Ministry of Digital of Japan 2 November at a meeting on Problems, vulnerabilities, and potential of DAOs announced that he had set up his own DAO to observe. Ministry to DAOs throughout the process. legal personality potential of giving the benefits and their difficulties He said he would also consider it.
With this move, digital assets and DAOs potentially benefit from blockchain technology. boundary beyond crimes and user protection threatening will be able to It was stated that it was planned to investigate the aspects of it. The ministry has also been involved in the digital asset sector as part of complaints from Japanese authorities. blockchain analysis He also suggested that he could do it.
On the other hand, the Ministry study your history proving NFT related to digital innovation, including the testing of the project many attempt He said he was working on it. In addition, if NFTs with proof of employment history come into force, their anti-money-related regulations will be enforced. outside He added that he should stay.
Japan of Asia the strictest Although the country has one of the crypto regulations adoption progressed quite a bit. Japanese Prime Minister Fumio Kishidein October Ministry of Economy, Trade and Industry will create policies to enable the expansion of blockchain technology within its Web3 Policy Office founded. In addition, Japan’s Fukuoka city has recently web3 hub stating that it aims to become a blockchain firm Primer Japan Labs had partnered with.