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Japan's Embrace of Web3 Uncertain as Ruling Party Under Threat

Liberal Democratic Party leader and Prime Minister Fumio Kishida once called Web3 a “new form of capitalism,” but he faces a party leadership election in September.

By Sandali Handagama|Edited by Jesse Hamilton, Nikhilesh De

Updated Apr 28, 2024, 11:00 p.m. Published Apr 28, 2024, 11:00 p.m.

Kishida reiterated “Web3 is part of the new form of capitalism,” referring to his flagship economic policy intended to drive growth and wealth distribution. (Photo by Takayuki Masuda/ CoinDesk Japan)