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 ...
Asset management giant Franklin Templeton has partnered with SBI Holdings to establish a new cryptocurrency exchange-traded fund (ETF) management company. The two firms signed a Memorandum of Understanding (MoU) for the joint venture on July 26, according to an official announcement. According to the announcement, the joint venture will see ...
Japanese investment firm MetaPlanet has significantly increased its Bitcoin (BTC) holdings, purchasing 42.47 BTC for over 400 million yen (approximately $2.8 million USD), according to a press release issued on Monday, July 8, 2024. This acquisition brings the firm's total Bitcoin assets to 203.743 BTC, valued at about 2.05 billion ...
Japan's Financial Services Agency (FSA) and the National Police Agency (NPA) have recommended measures to encourage mainstream banks to enhance customer protection, especially with transactions involving cryptocurrencies. In a press release published on February 14, 2024, the FSA emphasized the disturbingly high number of cases involving specialized fraud and noted ...
