On August 28, Japan's largest cryptocurrency-themed event, the WebX conference, opened in Tokyo, Japan. Japanese Minister of Economy, Trade and Industry Ken Saito attended the conference and delivered a speech. At the meeting, Saito emphasized the importance of Web3 technology and mentioned that it will help the industry create more use cases by implementing tax reforms to support the development of startups. Saito also mentioned the huge potential of Japan's Web3 and blockchain industries, and expressed his desire to create an environment that attracts businesses and developers from around the world.