Global Head of Business at Japanese Web3 company Oasis "Japan's announcement of support for LLC-type DAOs is a big step forward for Web3"

"The Japanese Web3 industry has taken another big step forward," said Dominic Zhang, Head of Global Business at Oasis (OAS), in response to the recent announcement of a sub-decree amendment that will allow the establishment of Limited Liability Company (LLC) DAOs in Japan. The Japanese government's support for the growth of the Web3 industry is one of the key factors making the growth potential of the local market even more attractive. Deregulatory measures are being drafted based on thorough research and hearings involving local industry leaders and experts. Japanese lawmakers and government officials have a strong commitment to fixing bad laws if they are seen as an obstacle to industry growth.