Cardano founder Charles Hoskinson visits Japanese lawmaker and former minister of digital transformation Takuya Hirai.
While Cardano‘s sway in the White House has recently been questioned, the network appears to be making inroads elsewhere.
Cardano Founder Meets with Japanese Lawmaker
Cardano founder Charles Hoskinson has recently paid a courtesy visit to a prominent Japanese lawmaker.
On Thursday, March 13, Japanese lawmaker and former minister of digital transformation Takuya Hirai disclosed that he had met Hoskinson and had a “meaningful exchange of opinions” with him.
In Hoskinson’s telling, he and Hirai discussed “digital transformation, zero-knowledge cryptography, blockchain, and Al.”
Hoskinson had alluded to a trip to Japan last week after being snubbed for the Friday, March 7 White House crypto summit.
“I had travel plans to go to Japan, supposed to get on a plane here in a little bit, and I will be Friday, the seventh in Japan,” he disclosed at the time.
Long History
Cardano has a long history with Japan. Per Cardano lore, the blockchain was conceived in a restaurant in Osaka in 2015. Over 90% of participants in the ADA presale that ran from 2015 to 2017 were also Japanese. The network even hosted a Tokyo event to celebrate its launch.
So, in many ways, the Asian economic giant is a second home for the network.
Hoskinson’s recent visit to Japan comes as the country appears to be revamping its crypto regulatory framework to create a more conducive environment for investors and projects. For one, lawmakers are considering reducing crypto taxes from 55% to 20%. At the same time, they are also considering asset classification changes.
In October 2024, Hoskinson tipped Japan to become the “crypto hub of Asia” under a pro-crypto U.S. administration.
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