The Japanese government has issued non-tradable tokens (NFTs) as a reward for local authorities for successful use of digital technologies. This is reported by local media.

The first awards were given during the Digi Denkoshien Summer 2022 event. Seven mayors received NFTs.

One of them is the head of the city of Itaru Maruyama, Sakata (Yamagata Province). His administration suggested using electric vehicles for deliveries. Maebashi from Gunma Prefecture was also awarded for the idea of ​​a platform that uses cameras on mobile devices to monitor changes in traffic conditions in real time.

NFTs published on the Ethereum blockchain using POAP. Tokens cannot be transferred or sold on the secondary market.

Recall that in June, the Japanese Parliament passed a bill recognizing stablecoins as digital currencies.

Later, the country’s authorities began to examine the tax reform proposal for 2023. Options include exempting crypto startups issuing their own tokens from paying taxes on unrealized profits.

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