As lawmakers and regulators from the U.S. to Europe to Asia express increased wariness of crypto, Web3 promotion remains part of Japan’s national strategy. A small but active group of politicians is proposing guidelines for everything from decentralized autonomous organizations (DAO) to non-fungible tokens (NFT). It’s getting easier for Japanese exchanges to list tokens. One onerous tax requirement has been revised, marking a major win for crypto entrepreneurs. Coinbase and Kraken withdrew from Japan, but Binance, which irked Japanese regulators in the past, managed to acquire a Japanese exchange. And stablecoins, which are currently not allowed on Japanese exchanges, have a new path forward.