Japanese Blockchain Gaming Community Seeks Political Support to Boost Crypto Liquidity
The Japanese blockchain gaming community has reached out to the Liberal Democratic Party (LDP) in an effort to enhance liquidity in Japan’s crypto asset market.
Ryo Matsubara, director of Oasys, a GameFi blockchain, represented Japanese blockchain gaming projects during a visit to the LDP’s digital society promotion headquarters on February 21 to discuss the current state of affairs.
While Matsubara acknowledged the positive impact of recently implemented taxation laws and the LPS Act in facilitating business operations for startups, he expressed concerns about stringent regulations that have stifled liquidity in Japan.
He claimed that such restrictions directly impede the growth of the GameFi ecosystem, according to a recent post on X.
To address this issue, Matsubara emphasized the importance of regulations that encourage users to invest safely in cryptocurrencies and the blockchain economy.
He said that Japan can witness an immediate surge in liquidity as more buyers and sellers engage in the market by incentivizing participation.
Oasys intends to continue collaborating with the government to ensure the global competitiveness of the Japanese Web3 market.
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