Leading Japanese crypto exchange, Bitbank, announced the launch of its new global investment branch in a 8 November 2024 press release. “Bitbank Ventures LLC,” the new wholly owned subsidiary of Bitbank will focus on identifying and investing in projects that harness crypto assets and blockchain technology. The company also highlighted that such solutions, backed by..
Japan’s Financial Services Agency (FSA) is reportedly drafting regulations aimed at protecting domestic assets from potential risks tied to foreign-based cryptocurrency exchanges. Following the collapse of the high-profile FTX exchange, which impacted investors worldwide, the FSA seeks to establish a “holding order” under Japan’s Payment Services Act, according to a 6 November 2024 report from..
Leader of Japan’s Democratic Party for the People (DPP), Yuichiro Tamaki, has proposed a new tax policy. The proposed policy would lower the tax on cryptocurrency gains to 20% if he is elected. Tamaki’s plan aims to treat crypto profits similarly to gains from the stock market. In a post on X on 20 October..
Japan is reportedly considering easing its stringent regulations on the cryptocurrency industry, driven by a surge in interest from Japanese companies exploring blockchain-related initiatives. Recently, Sony Group became the latest major Japanese corporation to embrace blockchain technology. The company officially launched its digital ledger, Soneium, positioning it as a platform for developers to create applications..
Japan is exploring changes to its tax code that could significantly reduce the tax burden on cryptocurrency profits. The Financial Services Agency (FSA), the nation’s financial regulator, has proposed a flat 20% tax rate on crypto gains, aligning them with traditional financial assets like stocks. The proposal came as part of the FSA’s tax reform..
The crypto market is rebounding, and smart money is chasing Bitcoin beta play with 100x potential – uncover the best crypto coin here. It has been a turbulent first half of the week. If we can learn from how price action panned out in July, traders know there is hope. In early July, prices plunged..
Amid declining birth rates, a Japanese village is turning to NFTs. Can Japan NFT usecase save Japan’s Birth rates? Here’s what you need to know. China, Japan, Germany, South Korea, and even the United States all have a common problem: People don’t want to have children anymore. And this is a big problem. Admittedly, there..
BitFlyer Holdings has moved to acquire its rival cryptocurrency trading platform, FTX Japan. FTX Japan is the local arm of Sam Bankman-Fried’s notorious crypto exchange. BitFlyer Deal To Buy FTX Reportedly Worth 8 Figures Established in January 2014, BitFlyer is among the most high-profile exchanges in Japan and across the broader crypto industry. In fact,..
Prominent blockchain firm, Ripple (XRP), has announced the launch the XRP Ledger Japan and Korea Fund on 11 June 2024. The company’s strategic initiative aimed at fostering innovation on the XRP Ledger in Japan and South Korea shows commitment to these markets as significant regional hubs for blockchain development, especially amidst the challenging regulatory landscape..
Japanese digital asset exchange DMM Bitcoin revealed that over $300 million worth of Bitcoin was stolen from the exchange on Friday, 31 May 2024, in what appears to be one of the largest hacks in recent times. Timeline For The Hack Around 1:30pm local time, DMM said it noticed that some 4503 BTC – worth..
Coincheck is about to leap from Japan’s crypto scene into the US market limelight. It aims to be one of just two publicly listed cryptocurrency exchanges on the Nasdaq. Their strategy involves a partnership with the SPAC, Thunder Bridge Capital Partners IV, which positions Coincheck on the verge of a major breakthrough as it approaches its..
The Japanese Yen crisis is about broader economic turmoil in the global economy and indicates that the USDJPY is pretty much dead in the markets, but what about BTCJPY – how is Bitcoin performing in Japanese markets. The past year saw the Japanese Yen losing -13% against the US Dollar, sparking a firestorm of attempts..
