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NFTs and Stablecoins in Focus: Japan Blockchain Week 2023 Set to Kick Off in June

NFTs and Stablecoins in Focus - Japan Blockchain Week 2023 Set to Kick Off in June

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  • Japan Blockchain Week will feature three events: the Web3 Summit Tokyo on June 12th, the WEB3 BIZDEV SUMMIT -BLUE- on June 18th, and the IVS Crypto 2023 KYOTO from June 28th to June 30th.
  • The IVS Crypto event will be hosted by the IVS Kyoto executive committee and will take place at the Miyako Messe in Kyoto, while NFTokyo will primarily organize the blockchain week with a focus on NFTs, fungible tokens, and developing a healthy crypto industry.
  • Japan’s Financial Services Agency is considering lifting restrictions on foreign-issued stablecoins in Japanese exchanges, while the country’s Prime Minister has announced plans to invest in the metaverse and NFTs.

Japan Blockchain Week will begin with the Web3 Summit Tokyo on June 12th, followed by the WEB3 BIZDEV SUMMIT -BLUE- on June 18th, and the IVS Crypto 2023 KYOTO from June 28th to June 30th. The IVS Crypto event will be hosted by the IVS Kyoto executive committee and will take place at the Miyako Messe in Kyoto.

The blockchain week will primarily be organized by NFTokyo, which has been promoting blockchain and Web3 since 2018, with a specific focus on NFTs (Non-Fungible Tokens) and Fungible Tokens, and developing a healthy crypto industry. Although the venue for this year’s NFTokyo event is yet to be announced.

“Although market conditions remain difficult due to the collapse of one of the world’s largest crypto exchange in November 2022, we hope to boost the blockchain and Web3 markets, which are expected to expand further in the future. In order to further develop the NFT, crypto assets, blockchain, and Web3 related technologies covering the entire blockchain industry, we plan to invite guests from Japan and abroad to share their know-how and actively discuss the market,” their press release read.

Last December, Japan’s Financial Services Agency (FSA) stated that they are considering to re-allow foreign-issued stablecoins in Japanese exchanges where they would have a new framework to be applied with the revised Payment Services Act by 2023. Amending the act would allow international remittances to be faster and cheaper through stablecoins. (Read more: Japan Considers Lifting Restrictions on Foreign Stablecoins After Ban)

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In October, the country’s Prime Minister Fumio Kishida expressed the country’s desire to invest in digital transformation. He announced this in his policy speech on October 3, 2022. (Read more: Japan Announces Plans To Invest In Metaverse And NFTs)

This article is published on BitPinas: NFTs and Stablecoins in Focus: Japan Blockchain Week 2023 Set to Kick Off in June

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.

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