- After visiting Charles Hoskinson, Cardano in Japan is becoming more and more in the spotlight.
- The Cardano system is geared towards a long-term upswing.
The Cardano Blockchain wins in Japan after the recent doubts about their influence in the White House. Cardano founder Charles Hoskinson recently paid the former Japanese digital minister Takuya Hirai a courtesy visit.
Japan’s former digital minister Takuya Hirai did not explicitly commented on the details of the conversation, but noted that they both had a “meaningful exchange of views”. Takuya also praised Cardano for his far -reaching support in the development of smart contracts and decentralized applications.
Hoskinson said on its part that eR and Takuya talked about topics such as digital transformation, zero-knowledge cryptography, blockchain and artificial intelligence (AI). The Cardano founder mentioned the trip last week after he had not received an invitation for the crypto summit in the White House on Friday, March 7th:
“I had travel plans to Japan, should get on a plane shortly, and I will be in Japan on Friday, March 7th.”
Cardano has a long story with Japan. Hoskinson and other co -founders designed the 2015 project in a restaurant in Osaka. More than 90 % of the ADA pre-sale participants from 2015 to 2017 were also Japanese. The team even organized an event in Tokyo to celebrate the start of Cardano.
In many ways, Japan is a second home for the Cardano network. How CNF reportedHoskinson emphasized the importance of decentralization, innovation and collaboration with the Japanese community for future success.
Effects of Hoskinson’s visit in Japan
Hoskinson’s most recent visit to Japan coincides with the efforts of the country to update his regulatory framework for cryptocurrencies. Japan aims to create a cheaper ecosystem for investors and companies.
In our last update we have examinedthat the Japanese Financial Service Authority (FSA) has published a proposal to reduce crypto tax rates from 55% to 20%. The FSA is considering lifting the ban on stock market-traded Bitcoin funds (ETFs).
The proposal follows international developments, such as the approval of Bitcoin and Ethereum-Spot-ETFs by the US stock exchange supervision (Sec).
In October 2024, Hoskinson predicted that Japan would become a “cryptocento center of Asia” under a crypto-friendly US government. Hoskinson struck even before, To use the blockchain to bring transparency to the US federal budget and to ensure real-time tracking of government expenditure.
Cardano’s visit in Japan could draw a new wave of attention to the network. Ada, the native digital asset of the Cardano blockchain, could help the new attention to new height flights.
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