Japan’s GameFi community raises liquidity concerns with lawmaker

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The Liberal Democratic Party of Japan was told that strict regulations are drying up the liquidity of the Japanese crypto markets.

The Japanese blockchain gaming community has approached the Liberal Democratic Party (JDP) seeking help to improve liquidity in Japan’s crypto asset market.

On Feb. 21, Ryo Matsubara, director of Oasys, a GameFi blockchain, visited the LDP’s digital society promotion headquarters on behalf of Japanese blockchain gaming projects to discuss the current landscape.

Matsubara acknowledged that the recently implemented taxation laws and the LPS Act promote ease of doing business for startups. However, he raised concerns about strict regulations that have dried up liquidity in Japan, which directly harms the growth of the GameFi ecosystem.

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