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Sanseito Lawmaker Proposes Blockchain-Based Regional Tokens in Japan Upper House

Internal Affairs Minister Yoshimasa Hayashi said cooperation may be considered through a model project in this fiscal year’s regional finance plan.

Summary

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Terms & Concepts
  • blockchain: A shared digital ledger that records transactions across a network in a tamper-resistant way.
  • regional tokens: Locally issued digital tokens that can be used to support economic activity within a specific community or area.