Japan Web3

Japan was one of the first countries to fully embrace Web3 technology, and remains a top contender for the early adoption of digital payment systems by the populace. Japan's ruling Liberal Democratic Party's Web3 project team has published a white paper laying out recommendations for boosting the crypto industry in the country, which is part of the Prime Minister’s strategy of promoting new technologies.

While other governments around the world are busy putting regulations in place, Japan has already been steps ahead by establishing the Japan Virtual Currency Exchange Association (JVCEA) in March 2018 as a self-regulatory organization under the Payment Services Act (PSA) for unified domestic self-regulation of virtual currency exchanges, and ultimately to protect consumers. Japan’s goal is to create a friendlier environment for crypto - Japan is setting new regulatory standards in the Web3 space and is working on new guidelines for stablecoins, NFTs and DAOs as it welcomes a crypto future!

By surpassing the stringent regulatory threshold set by the Japanese government in order to bring RYO to the masses, RYO is poised to make history as the first inaugural Japanese-born virtual asset to gain worldwide recognition for its role in shaping the future of digital payments. RYO’s grand vision and revolutionary digital payment system will infuse the world with a newfound sense of simplicity, user-friendliness and accessibility in the Web3 space. RYO’s ecosystem empowers everyday users to effortlessly embrace digital payments in their daily lives by avoiding the labyrinth of challenges that often plague other virtual asset projects.