Japan’s House of Councillors, the Upper Chamber of the country's parliament, has approved a significant amendment to the Payment Services Act, paving the way for sweeping reforms in the country’s cryptocurrency brokerage sector. This move is expected to lower regulatory barriers for crypto intermediaries while strengthening consumer protections. 🇯🇵 Japan ...
Biru, a Web3 platform developed by Lootex, has launched its inaugural profile picture (PFP) NFT collection, Birunoko, while simultaneously expanding its operations into Japan through a strategic partnership with Soneium. Scheduled to debut on May 28, the Birunoko collection represents a significant milestone in blending digital identity with interactive gaming ...
Japan's Financial Services Agency (FSA) has released a discussion paper proposing a new regulatory framework for digital assets, titled "Verification of the State of the System Related to Crypto Assets." The paper suggests classifying cryptocurrencies into two categories based on fund distribution. The FSA seeks public feedback on the proposal ...
Japan’s Cabinet has approved a proposal to amend the Payment Services Act, paving the way for more flexible stablecoins and crypto brokerages regulations. The bill, submitted to the National Diet on the same day of approval, could lower entry barriers for crypto firms in Japan, according to a press release ...
Metaplanet is set to be included in the MSCI Japan Index at market close on February 28, 2025, marking a significant milestone for the company. The MSCI Japan Index, managed by Morgan Stanley Capital International, tracks large and mid-cap stocks in Japan and is a key benchmark for global funds ...
Japan’s Financial Services Agency (FSA) is reportedly exploring the possibility of classifying cryptocurrencies as financial products akin to securities, according to Yahoo Japan, which cites local media sources. The agency has initiated private consultations with experts to reassess the current regulatory framework. The FSA is expected to outline its policy ...
Metaplanet Inc. has released its full-year 2024 financial report, revealing an unrealized gain of $36 million (5.46 billion yen) from its Bitcoin holdings. The company also stated that Bitcoin accounted for over 65% of its total revenue for 2024. Originally a hotel developer, the firm pivoted to Bitcoin investment after ...
Apple has quietly removed several cryptocurrency exchange apps from its App Store for Japanese users. The move was reportedly in response to warnings from the country’s Financial Services Agency (FSA). According to Yahoo Japan, the apps of major exchanges, including Bybit, KuCoin, Bitget, MEXC, and LBank, are no longer accessible ...
OSL Group has completed its acquisition of CoinBest K.K. and has rebranded it as OSL Japan Limited. This rebranding aligns with OSL's strategic goal of expanding its presence in Japan, a market recognized for its strong regulatory framework for digital assets. The publicly listed digital asset firm is dedicated to ...
Japan's Prime Minister, Shigeru Ishiba, has emphasized the importance of cryptocurrency and Web3 development in tackling economic and social challenges. According to local reports, He made this statement during a recent House of Representatives Budget Committee meeting, where he stressed the need for a strong digital finance ecosystem that prioritizes ...
