{"id":71978,"date":"2024-02-21T09:23:17","date_gmt":"2024-02-21T13:23:17","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=71978"},"modified":"2024-02-21T09:23:21","modified_gmt":"2024-02-21T13:23:21","slug":"japanese-gaming-community-raises-liquidity-concerns-with-lawmakers","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/japanese-gaming-community-raises-liquidity-concerns-with-lawmakers\/","title":{"rendered":"Japanese Gaming Community Raises Liquidity Concerns with Lawmakers"},"content":{"rendered":"\n

The Japanese blockchain gaming community<\/a> has approached the Liberal Democratic Party (LDP) to increase crypto asset market liquidity as strict regulations are drying up the pool.<\/p>\n\n\n\n

\"Japanese
Japanese Gaming Community Raises Liquidity Concerns with Lawmakers<\/figcaption><\/figure>\n\n\n\n

On behalf of Japanese blockchain gaming initiatives, Ryo Matsubara, director of Oasys, a GameFi blockchain<\/a>, visited the LDP's digital society promotion headquarters on February 21 to discuss the current landscape.<\/p>\n\n\n\n

Matsubara recognized that the LPS Act and the recently enacted taxation laws facilitate business operations for entrepreneurs. Nevertheless, he expressed apprehensions regarding the stringent regulations that have stifled liquidity in Japan, thereby detrimentally affecting the expansion of the GameFi ecosystem.<\/p>\n\n\n\n

\n

Make Japanese\ud83c\uddef\ud83c\uddf5 Web 3 market more liquid.

As the issue of corporate unrealized gain taxation and
LPS Act has been resolved, we can launch web 3 startups from Japan\ud83d\udd25.
The next step is to improve liquidity in order to create an environment for growth.

I made presentation to\u2026 https:\/\/t.co\/nj5tGxaEna\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>— Ryo Matsubara_EN (@RyoMatsubara3) February 21, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

With the influx of more consumers and sellers, regulations that encourage users to invest in cryptocurrencies and the blockchain economy securely may result in an immediate increase in liquidity.<\/p>\n\n\n\n

Oasys intends to maintain its partnership with the government to safeguard the Japanese Web3 market's international competitiveness. Matsubara is confident that Japan is capable of reclaiming its legendary gaming heritage on Web3:<\/p>\n\n\n\n

\n

\u201cIf Japan recovers its liquidity, it will be the hottest market as we have a lot of attractive content.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Although Japan was initially extremely apprehensive about adopting cryptocurrencies, it has recently softened its position.<\/p>\n\n\n\n

The Japanese government reportedly initiated preparations in September 2023 to permit businesses to raise public capital by issuing crypto assets. Prime Minister Fumio Kishida of Japan<\/use><\/svg><\/span><\/a> reaffirmed the nation's dedication to nurturing the Web3 industry at the time. Furthermore, he emphasized its capacity to revolutionize the internet and incite societal transformation.<\/p>\n\n\n\n

Recently, Japan's primary financial regulator, the Financial Services Agency, proposed several safeguards to prevent “illicit transfers” to cryptocurrency exchanges; one of these measures could significantly complicate the market for peer-to-peer transactions.<\/p>\n\n\n\n

The FSA and the National Police Agency advised financial institutions to safeguard their customers by citing the following significant initiatives:<\/p>\n\n\n\n

\n

\u201cStopping transfers to crypto-asset exchange service providers if the sender\u2019s name is different from the account name.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

As stated in the Japanese translation of the press release, corporate and individual accounts should be subject to suspending cryptocurrency transfers involving conflicting names.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Japanese blockchain gaming community has approached the Liberal Democratic Party (LDP) to increase crypto asset market liquidity as strict regulations are drying up the pool. On behalf of Japanese blockchain gaming initiatives, Ryo Matsubara, director of Oasys, a GameFi blockchain, visited the LDP’s digital society promotion headquarters on February 21 to discuss the current […]<\/p>\n","protected":false},"author":12,"featured_media":41023,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[7434,883,18517],"class_list":["post-71978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blockchain-gaming","tag-japan","tag-jdp"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-117.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/71978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=71978"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/71978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/41023"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=71978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=71978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=71978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}