Crypto fraud and scam activity tied to Japanese crypto exchanges declined substantially in the first half of 2024, according to a new report from Chainalysis. The blockchain analytics firm’s published data revealed a 69% decrease in Ethereum (ETH) transactions linked to fraudulent activity and a nearly 50% drop in Bitcoin ...
Digital currencies controlled by local governments in Japan are increasingly becoming targets for fraudsters, prompting investigative agencies to urge the implementation of more solid security measures. According to a report by the Japan Times, Police in Osaka recently apprehended seven Vietnamese nationals for allegedly using stolen credit card details to ...
Japan's Prime Minister Shigeru Ishiba has pledged to incorporate tax cut proposals from the opposition Democratic Party for the People (DPP) into the government's upcoming economic stimulus package. This initiative includes measures targeting gasoline and cryptocurrency taxes, as reported by Bloomberg on November 20. Ishiba secured approval for the stimulus ...
Japanese crypto exchange BitPoint has listed memecoin, $PEPE, on its trading platform. Notably, the cryptocurrency, which was inspired by the well-known "PEPE the Frog" meme launched in 2023, has quickly gained traction. It now ranks 24th in market capitalization, according to data from CoinMarketCap. In X post on October 30, ...
A group of Japanese companies has suggested that if the Japanese government moves forward with cryptocurrency-based exchange-traded funds (ETFs), those for Bitcoin and Ethereum should be given priority. According to Bloomberg, the group made this known in a proposal titled "Recommendations for the Composition of Crypto Assets ETFs, etc. in ...
Japan's regulators are adopting a conservative approach toward spot cryptocurrency exchange-traded funds (ETFs), in contrast to the more open policies seen in the U.S. and Hong Kong, according to Oki Shiozawa, investment director at Sumitomo Mitsui Trust Asset Management. Shiozawa, speaking with the Financial Times in a recent interview, stated ...
Japan's law enforcement authorities have arrested Yuta Kobayashi, the ringleader of a group of wanted fraudsters suspected of orchestrating a large-scale credit card fraud scheme that led to over 100 million yen in damages. According to local reports, Kobayashi allegedly masterminded a series of fraudulent transactions on the flea market ...
Yuichiro Tamaki, leader of Japan's opposition Democratic Party for the People (DPP), has made a strong push for crypto tax reform in the lead-up to the country's October 27 election. In an X post on October 20, Tamaki urged voters to support his party’s platform, which calls for clearer regulations ...
The Japanese yen is a relatively volatile currency at the moment. In April 2024, the yen reached a 34-year low, trading at 160.15 yen per U.S. dollar, its weakest since 1990. Despite this, GMO-Z.com Trust Company made a notable move by listing GYEN—the first fully regulated stablecoin backed by the ...
Japan is set to reevaluate its cryptocurrency regulations, potentially leading to reduced taxes and enabling domestic funds to invest in crypto, according to Bloomberg. Bloomberg reportedly spoke to an official from the country’s top financial regulator, the Financial Services Agency (FSA). In the coming months, the FSA will evaluate whether ...
