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 ...
Open House Group has announced it will now accept cryptocurrency payments for real estate transactions, initially supporting Bitcoin and Ethereum according to the press release. The move aims to enhance accessibility for international buyers looking to invest in Japan’s property market. The company, which specializes in residential and investment properties ...
Metaplanet has announced a bold initiative to acquire 21,000 Bitcoin (BTC) by 2026 to become one of the largest corporate holders of Bitcoin worldwide. This plan, detailed in a press release on January 28, emphasizes the company's dedication to innovation in cryptocurrency investment. To finance the acquisition, Metaplanet intends to ...
The U.S. Federal Bureau of Investigation (FBI) and Japan's National Police Agency have confirmed that the North Korean hacking group TraderTraitor orchestrated the May 2024 hack of Japanese exchange DMM Bitcoin. According to the FBI, the group is known for using "targeted social engineering" tactics in its cyber-attacks. The law ...
Japanese investment firm Metaplanet expects to post its first consolidated operating profit since 2017 in its next shareholder report. On December 18, the Tokyo-based company announced its fiscal year projections for 2024, forecasting ¥890 million ($5.8 million) in revenue, a sharp increase from ¥261 million last year. It expects its ...
Fireblocks, a leading provider of crypto custody and blockchain infrastructure, has announced the opening of a new office in Tokyo, marking a significant step in its expansion across the Asia-Pacific region. They highlighted that Japan's crypto market is experiencing rapid expansion, with projections pointing to a 54% growth between 2024 ...
