On the 27th, the Japan DeFi Alliance changed its name to Japan DeFi Association. The Alliance was established in February this year to promote the use of blockchain in the financial field.
The Association announced that it has completed its registration as a corporation and has started accepting membership enrollment from interested companies, organizations, and individuals.
JDA will play a central role in sharing the precise knowledge of DeFi and developing appropriate laws and regulations that do not hinder innovation in the field.
According to the association, crypto assets are just one of the applications that use blockchain and innovation is DeFi requires efforts independent of crypto assets. The association will act as a decentralized organization and has set up a forum to discuss issues instead of establishing a board of directors.
The management organization is composed of a ‘representative director’, ‘legal advisor’, ‘tax and accounting advisor’, and others that will work on detailed activities surrounding the DeFi industry and priorities that need to be addressed.
There are three types of members that will be accepted starting today: “regular members,” “supporting members,” and “individual members,” and the benefits and membership fees differ depending on each category.
