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 ...
Ripple CEO Brad Garlinghouse has highlighted Japan as a critical market for the company's stablecoin plans, emphasizing the country's supportive regulatory environment. In a recent interview with Bloomberg, Garlinghouse emphasized the global potential for stablecoins and Ripple's ambitions to tap into it. "We recognized a growing opportunity in the stablecoin ...
Japanese financial giant SBI Holdings has made an undisclosed investment in Oasys, a blockchain network focused on web3 gaming, with the aim of boosting the liquidity of its native token. According to a press release from the Oasys team, the funding will help it provide support for multiple projects and ...
Japan’s Prime Minister Fumio Kishida has declared that Web3 and blockchain technology are essential for addressing the country’s societal challenges. He said this during a video address during the ongoing WebX 2024 opening ceremony hosted by Japanese Web3 media firm CoinPost at The Prince Park Tower in Tokyo. Kishida, who ...
Crypto exchange BTCC has announced that it will host its first offline crypto event in Tokyo, Japan, set for Friday, August 23, 2024. According to a press release published on Monday, August 19, 2024, the firm noted that this event will allow invited participants to connect with others and discuss ...
Tokoyo-based Metaplanet Inc. has secured a one billion yen ($6.8 million) loan to further expand its Bitcoin holdings, according to the latest update from the firm. According to the firm, the loan was secured at an annual interest rate of 0.1% and would be paid back over the course of ...
BitFlyer, the Tokyo-based parent company of the eponymous cryptocurrency exchange, has finalized its acquisition of FTX’s Japanese division, purchasing all outstanding shares of FTX Japan. In a press release published today Friday, July 26, BitFlyer announced its plans to integrate FTX Japan into its operations and rebrand it as “Custody ...
