According to news on November 29, Japanese Prime Minister Shigeru Ishiba restructured the ruling party’s Web3 and cryptocurrency policy-making departments. According to Digital Minister Taira Shoaki’s announcement at a forum on November 27, the Liberal Democratic Party will disband the existing Web3 Project Team (PT) and instead establish a specialized agency within the party’s digital society promotion department, headed by former Web3 PT Secretary-General Shiozaki. Akihisa leads. The government stated that it will continue to promote the development of Web3-related businesses. New Digital Minister Taira Masaaki, who previously served as the head of Web3 PT, advocates reforming Japan’s cryptocurrency tax regulations. According to Ishiba’s campaign platform, the government plans to use blockchain technology and NFT to promote local development projects and enhance the value of local products such as food and tourism experiences to global levels.