Japan's Liberal Democratic Party Web3 Working Group holds a study session to discuss crypto asset regulation

Web3 working group of Japan's Liberal Democratic Party's Digital Society Promotion Headquarters held its second study meeting, focusing on the review of regulations related to encrypted assets (virtual currency). The meeting discussed the different regulatory approaches to encrypted assets and traditional securities and explored the direction of future regulatory revisions. Participants believe that in addition to investor protection, coordination with overseas regulations and smooth trading should also be considered, and further improvement of disclosure regulations, market access, and behavioral norms is recommended. In addition, some experts pointed out that the existing regulatory framework should be abandoned, and more detailed regulatory discussions should be conducted based on the characteristics of encrypted assets.