Japanese gov't issues NFTs to reward local authorities' work
A total of seven mayors received the NFT awards for various initiatives they undertook to ease the lives of the public in their respective regions. The Japanese government has become one of the first to issue nonfungible tokens (NFTs) as a form of supplementary rewards to recognize the work of local authorities who have excelled at using digital technology to solve local challenges.The awards were handed out by the cabinet secretariat, a government agency that is headed by the nation’s chief cabinet secretary Hirokazu Matsuno during the “Summer Digi Denkoshien 2022” ceremony. The event was....
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According to reports, the Japanese government is one of the first countries to use non-fungible tokens (NFTs) as a supplementary award to local authorities that excelled in a digitization competition. The awards were given to local authorities as recognition for their efforts in using digital technology to solve local challenges.
Issuing and Distributing NFTs via a Low-Cost Blockchain
In what has been described as a first for the Japanese government, the country’s cabinet secretariat recently used non-fungible tokens (NFTs) as a supplementary prize during a ceremony to....
The Mt. Gox maelstrom is starting to attract attention from law enforcement in Japan and the US. According to the Wall Street Journal, Mt. Gox has been subpoenaed by the US Attorney's office in New York. Additionally, a few thousand miles west, Japanese officials have confirmed that local authorities are looking into the matter, too. The Wall Street Journal cites an unnamed source, which revealed the federal subpoena was sent this month. Details are rather thin on the ground and at this point in time it remains unclear when the subpoena was sent, or what it is all about. In any case,....
According to Fumio Kishida, the government of Japan's investment in digital transformation included issuing NFTs to local authorities using digital solutions. Fumio Kishida, the prime minister of Japan since 2021, has said the government will be making efforts to promote Web3 services, including those dealing with nonfungible tokens, or NFTs, and the Metaverse.In an Oct. 3 speech before Japan’s National Diet, Kishida said the government’s investment in the country’s digital transformation already included issuing NFTs to local authorities using digital technology to solve challenges in....
Pretty much everyone observing the Bitcoin space, whether a participant or a critic, is wondering what happened in the alleged Mt Gox hack. After months of silence from the US and Japanese authorities over that most thorny part of the Mt Gox saga, official cooperation has finally been sought from the Japanese authorities based on a bilateral treaty on mutual legal assistance in crime matters. The alleged hack of several hundred thousand bitcoins had previously been ignored in bankruptcy proceedings, much to the ire of Gox creditors. The Path To Justice. The request seems to have been made....
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