Cardano founder Charles Hoskinson recently visited Japan and met with Takuya Hirai, the country’s former Minister of Digital Transformation. On March 13, Hirai confirmed their meeting, stating that they had a “meaningful exchange of opinions.” Their discussion covered key topics, including digital transformation, blockchain, zero-knowledge cryptography, and AI.
Hoskinson’s Visit Follows White House Exclusion
Hoskinson’s trip to Japan came shortly after he was left out of the White House crypto summit on March 7. Before his departure, he shared his plans, saying, “I had travel plans to go to Japan. I was supposed to get on a plane here in a little bit, and I will be Friday, the seventh in Japan.”
Japan has played a crucial role in Cardano’s history. In 2015, the blockchain’s concept emerged in an Osaka restaurant. During the ADA presale from 2015 to 2017, Japanese investors made up over 90% of participants.
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Additionally, Cardano held a launch event in Tokyo, reinforcing the country’s significance to the network. Given this deep-rooted connection, Japan remains a vital region for Cardano’s development.
Japan’s Crypto-Friendly Reforms
Hoskinson’s visit aligns with Japan’s ongoing efforts to improve its crypto regulatory framework. Lawmakers are currently exploring changes, including reducing crypto taxes from 55% to 20% and adjusting asset classifications.
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These revisions aim to create a more attractive environment for investors and blockchain projects.
In October 2024, Hoskinson predicted that Japan could emerge as the “crypto hub of Asia” if the U.S. government adopted a more crypto-friendly stance. With Japan’s regulatory updates, his vision may soon take shape.
