On August 28, Japan’s largest Cryptocurrency-themed event, WebX, opened in Tokyo, Japan, and Japanese Minister of Economy, Trade and Industry Ken Saito attended the meeting and gave a speech.

Saito Ken emphasized the importance of Web3 technology at the meeting, and mentioned that he will support the development of startups through tax reform and help the industry create more use cases.

Saito Ken also spoke about the great potential in the Japanese Web3 and Blockchain industry and hoped to create an environment that attracts companies and developers worldwide.