Prepare to embark on an exotic journey as we unravel the East’s bold adventures into the untamed wilderness of Web3. Hold onto your Satoshi; it’s going to be a cracker!
Japan: The Rising Sun of Web3
Japan, the Land of the Rising Sun, is beaming its focus on Web3, GameFi, and NFTs. They’re not just dipping their toes; they’re diving headfirst into the crypto pool with a white paper in hand. It’s like they’re rolling out the crypto yellow brick road, and we’re all invited for the stroll.
A Taxing Issue? Not in Japan!
But it’s not just about laying out the roadmap. The Japanese government is rethinking its tax policies as well. Now, imagine being gifted a golden goose and only having to pay tax on the golden eggs once you’ve sold them. That’s the sort of forward-thinking we’re seeing from Japan.
All Aboard the Crypto Express
In addition to tax reform, Japan is pulling out all the stops. From proposing a DAO law, and setting accounting standards for Web3 companies, to issuing crypto visas for skilled workers, it’s like they’re rolling out the red carpet for the next wave of tech visionaries.
Hong Kong: A New Player Enters the Game
Turning our crypto-compass to Hong Kong, they’ve formed a task team to promote Web3 development, led by none other than finance secretary Paul Chan.
They’re setting out to make some waves in the Web3 world, and we’re all watching with bated breath.
While the details are still trickling in, one thing is clear: Asia is not just riding the crypto wave. They’re the ones making it. Stay tuned as we continue to uncover the East’s intriguing dance with decentralization. And remember, in this game, the devil is in the decentralized details.
It’s a wild world out there in the crypto space, and it seems like the East is ready to ride the bull. So, buckle up. It’s going to be a thrilling ride!