Japan's new Prime Minister Sanae Takaichi may promote detailed encryption policies to encourage the development of the digital economy.

[Chain News] On October 9, it was reported that Japan's newly elected Prime Minister Sanae Takaichi may introduce more "detailed" regulatory policies to promote the development of the Crypto Assets economy, making Japan likely to become a global hub for Crypto Assets companies. She was elected leader of the Liberal Democratic Party on Saturday and will become Japan's first female Prime Minister after taking office on October 15.

Experts say that under her leadership, Japan may be more open to experimental technologies such as blockchain while maintaining strict regulation. The general counsel of a certain company stated that her election could have a significant impact on the understanding and management of digital assets, and she supports "technological sovereignty." The government may actively promote the development of the digital economy, strengthening Japan's commitment to legal certainty in the field of Crypto Assets, which has drawn external attention.

In addition, the government of Takashita Sakae may lead the Financial Services Agency of Japan to clarify the classification of tokens. Currently, the agency classifies tokens into payment tokens, securities, and utility tokens, each with different regulatory requirements.