Analysis: Japan's new Prime Minister may promote the crypto economy and improve blockchain regulations

ChainCatcher news, according to Cointelegraph, Japan's newly elected Prime Minister Sanae Takaichi may introduce more "refined" regulatory policies to promote the development of the cryptocurrency economy, positioning Japan as a global hub for cryptocurrency companies.

She was elected as the leader of the Liberal Democratic Party on Saturday and will become Japan's first female prime minister after taking office on October 15. Experts say that under her leadership, Japan may be more open to experimental technologies like blockchain while maintaining strict regulation. The Chief Legal Officer of Brickken stated that her election could have a significant impact on the recognition and management of digital assets, as she supports "technological sovereignty." The government may actively promote the development of the digital economy, strengthening Japan's commitment to legal certainty in the cryptocurrency sector, attracting external attention. Furthermore, the Takaichi government may lead the Financial Services Agency to clarify the classification of tokens; currently, the agency categorizes tokens into payment tokens, securities, and utility tokens, each with different regulatory requirements.