Wrapping up a short but powerful BATW Tokyo, Japan
1/ Starting next year, Japan will reduce its crypto progressive tax—currently up to 55%—to a flat 20% by 2026. Combined with the 2023 legal revision enabling yen-based stablecoins, and the first approval case now (JPYC) targeting ¥1 trillion (≈$6.7B) issuance over three years for remittances and corporate payments, the country is clearly at an inflection point.
2/ Until now, Japanese blockchain developers had few opportunities to build in a sustainable way. What was needed was a platform where meaningful user engagement and growth could happen onchain without the necessity of token issuance. That’s the very space Base has started to open in 3Q, supporting 18 events and 5 startups through community-led efforts, credits to @basejapan.
3/ Learning from thought leaders in Japan, stablecoins, social networks, and the creator economy will be the key drivers of Japan’s blockchain flywheel. Base is the closest place for teams to connect and scale globally—and for us to actualize its potential, we must double down in the region with a long-term commitment.
ご一緒いただき、本当にありがとうございます。