Please describe your proposed solution.
Policy recommendations to the government as RuleMakersDAO, and through collaboration with the government and ministries and agencies.
The Japanese government is considering the legalization of LLC-type DAOs. Therefore, by making policy recommendations on promising DAO concepts, we are drawing a roadmap for Japan to take the initiative, including rulemaking, through the most advanced demonstrations, etc. in the sandbox and other areas.
Tax deductibility of direct donations of crypto assets
We are currently working with several tax accountants and lawyers to investigate the possibility of direct donation of crypto assets to public interest foundations in response to the current taxation system, and are working toward the realization of this through Diet members in the direction of including this information along with accounting standards in the tax answer published by the Commissioner of National Taxes without changing the law.
In addition, we have been able to connect with one of the most authoritative professors on crypto asset taxation in Japan, and will seek to collaborate with him in this activity.
We will also be working with a lawyer from one of Japan's top law firms who is in charge of taxation for a working group of the government's web3PT.
Staking operations with donated crypto assets
The Cardano Foundation, in collaboration with the UNHCR, is working on a policy proposal for a model that would operationalize the stake-pooling model in Japan. We will continue to work on the interpretation of the taxation aspects of this model.
Introduction of a voting system for treasury distribution
By establishing a distribution scheme from foundations to NPOs based on a community voting system in Catalyst, we will promote the realization of a model in which funds are provided to projects desired by the beneficiaries.
By promoting these measures, we will develop a leading use case for DAO corporations in Japan.
In order for this project to succeed, it is necessary to involve all kinds of experts. This is where BGIN, the global academic network for blockchain launched by Japan's Financial Services Agency, comes in. BGIN is headed by Nat Sakimura, Chairman of the OpenIDFoundation, and Shin'ichiro Matsuo, a professor at Georgetown University.
I attended #9 in Australia in November and established connections with BGIN members and Georgetown University's FSA and financial business affiliations.
BIGIN is conducting research on Accountable Wallet as a joint project with Georgetown University, and is investigating the use of Verifiable Credential as a way to prevent Wallet deposits of money of unknown origin. The goal is to achieve accurate KYC by using this method.
Their research has a high affinity with our project, and we are currently coordinating to collaborate with them.