WebX Tokyo Conference, a different Japan.

1. The three-day Tokyo conference has finally concluded, featuring the Prime Minister, two Ministers, CZ, and Arthur. Soon, Ethereum Tokyo and EDCON will take place, with Vitalik also coming to stay for 10 days.

2. The biggest change is the complete shift in policy, aligning more closely with the United States, aiming to become the core financial center of East Asia, serving as a connecting point.

3. In terms of policy, the maximum miscellaneous tax on cryptocurrency, previously set at 55%, is confirmed to be reduced to a 20% unified financial tax rate, while companies can lower it to around 15%, allowing for compliance and access.

4. Externally, based on feedback from exchanges recently interacting with the Financial Services Agency, the agency has begun to strongly encourage innovation. However, due to a surge in applications this year, there is a backlog, and the review process is still relatively slow. Over the past two years, several well-known exchanges have sequentially lost their licenses and expanded their offices, and there are still a few confirmed to be progressing.

5. In terms of scale, the number of attendees at this conference was approximately 12,000, about 50% more than last year, with 80% of exhibitors being overseas. However, more than half of the attendees were local, and there were more than 90 side events.

6. Several leading funds from North America were also present, meeting with policymakers, alongside representatives from the Tokyo Stock Exchange. They are promoting the establishment of micro-strategy companies in the Japanese stock market, and I heard that no less than three North American VCs are currently advancing, covering ETH, SOL, and XRP.

7. Meanwhile, many project teams are establishing companies or offices in Tokyo, attracted by faster and friendlier PR processes and lower costs for issuing employee visas. Many project teams seeking safety and a comfortable environment are indeed clustering here recently.

8. Seven years ago, CZ left Japan due to regulatory reasons. After the emergence of nationwide projects like ADA and XRP, regulations became stricter. Today, seven years later, both the public and higher-ups are inviting everyone to return, encouraging innovation, welcoming establishment, and more employees.

A transformative change, Japan truly is different this time.

Image 2 shows the members of Binance Japan, whose scale is also expanding. Congratulations. The above are my impressions from this event, and everyone is welcome to live and work in Japan~