Japan’s Prime Minister Appoints Pro-Blockchain Figure as Minister of Science, Tech, IT

A prominent pro-blockchain politician has been appointed as Minister of Science, Technology, and IT as part of the fourth reshuffle Japanese Prime Minister Shinzō Abe’s cabinet.

A prominent pro-blockchain politician has been appointed as Minister of Science, Technology, and IT as part of the fourth reshuffle Japanese Prime Minister Shinzō Abe’s cabinet, Cointelegraph Japan reported October 2.

Takuya Hirai, a member of the ruling Liberal Democratic Party (LDP), and reportedly one of the architects of a law legalizing crypto exchanges in Japan last year, will take up the key role as head of the ministry — charged, among other things, with overseeing official government policy towards financial technologies.

As CT Japan outlined, Hirai has been proactive in promoting blockchain as part of his role as chairperson of the Liberal Democratic Party’s IT Strategy Special Committee, as well as chairperson of the Fintech Promotion Parliamentarians’ Federation.

Moreover, Hirai is credited for his role in drafting Japan’s basic cybersecurity law, which was enacted in 2015; at the time, Hirai stated that the LDP “concluded that [the government] will, for now, avoid a move towards legal regulation” of cryptocurrencies such as Bitcoin (BTC).

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