Japan’s government is actively promoting Web3 as a national policy, creating a favorable environment for conducting Web3 businesses in the country. In an exclusive interview with CryptoSlate, Tsukada from Monex Group highlighted the various initiatives taken by Japan to support the growth of Web3, including tax reforms for handling digital assets, accounting preparations, legal positioning of DAOs, recommendations for local governments to enter Web3 and adopt the metaverse, support for exchanges with overseas talents, and hosting of Web3 events.
Since 2017, Japan has required the registration of cryptocurrency exchange operators to ensure the safe management of user information, regulated advertising and solicitation, and to establish an environment where users can utilize services with maximum protection and safety. This regulatory clarity has paved the way for further Web3 innovation, such as the issuance of stablecoins backed by legal tender in 2023, allowing various companies, including existing financial institutions, to issue stablecoins.
Major Japanese corporations have also entered the Web3 space, encouraged by the favorable regulatory environment. NTT Docomo, the largest telecommunications company in Japan, has started developing its own wallet and is working on creating a user-friendly Web3 environment and rules. In the gaming industry, major companies like Square Enix are developing Web3 games using their IPs. The entry of these corporate giants signals the maturing of Japan’s Web3 ecosystem.
Monex Group, Inc., a financial holding company with over 20 years of history, has been actively embracing Web3. The company provides various services related to crypto assets and blockchain, including the ‘MCB Web3 Newsletter,’ ‘MCB Research,’ the NFT project ‘OASIS,’ and the news app ‘Cheeese,’ which rewards users with Bitcoin. Monex Group has been focusing particularly on Web3 support services, supporting the development of various services and the Japanese market.
Recognizing the growing demand for Web3 expertise in Japan, Monex Group has established a Web3 consulting business to support companies entering the Web3 space. The company offers a wide range of services, including Web3 Business Research and Planning, NFT Planning, Issuance, and Sales, Community Building/Operation, Metaverse Development/Collaboration, and IEO Support/Tokenomics Design. Monex’s strengths in this area include the reliability of being associated with a listed company, the ability to collaborate across the group in various business developments, and real-time feedback and insights from their community and metaverse services.
One of Monex’s key projects in the Web3 space is the OASIS project, a digital community that aims to create opportunities for transformation and new encounters. OASIS has attracted a large community of nearly 30,000 members and facilitates easy collaboration with many companies and projects. The project is known for its innovative approach and cross-utilization of various metaverses.
Monex Group actively showcases its Web3 expertise and services at major industry events. The company organized a side event called “Japan Crypto Fusion” at TOKEN2049 in Dubai and is planning to have a significant presence at the upcoming “NexTeck Week2024” technology festival in Tokyo. As the Japanese Web3 market continues to evolve, Monex Group’s diverse financial services and innovative approach make it a key player in the country’s burgeoning ecosystem. If you are interested in expanding into the Japanese market, it would be wise to inquire about Monex Group’s services.