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Japan’s Web3 Ambitions Hang in Balance as Political Scandal Rocks Kishida’s Leadership
29.4.2024
Japan’s Prime Minister Fumio Kishida and the ruling Liberal Democratic Party are advocating Web3 development amid a major corruption scandal that threatens their political stability. With leadership elections approaching in September and declining party support, the future of Japan’s...
Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project
5.4.2024
According to a regional report, Sony Bank of Japan is currently exploring the potential of a stablecoin tied to the yen that could be utilized by Sony Group along with its associated entities. Insiders revealed that this endeavor’s testing phase employs the Polygon blockchain, with...
Japanese Cabinet Approves Tax Reform Eliminating Unrealized Crypto Gains Tax for Companies
25.12.2023
The Japanese government has approved a tax reform that removes some crypto taxes for corporations and conglomerates. The reform, discussed since early December, removes the unrealized gains taxes on crypto holdings for companies, paving the way for them to hold crypto assets more consistently....
Japan Mulls Exempting Companies From Paying Taxes on Unrealized Cryptocurrency Gains
9.12.2023
Japan is considering exempting corporations from paying unrealized gains income taxes related to cryptocurrency holdings. The measure, proposed as part of a reform in Japan’s tax code, would allow companies to avoid paying taxes for cryptocurrencies even if their market value changes during...
Astar Partners With Polygon to Target Japan’s Web3 Boom With New Scaling Solution
16.9.2023
At the Token2049 conference in Singapore, Astar Network revealed it is joining forces with Polygon Labs to launch Astar zkEVM, a new Ethereum layer two scaling solution utilizing zero-knowledge proof technology. The collaboration aims to drive greater adoption of Web3 applications in the Japanese...
Crypto Companies in Japan Get Tax Relief Under Revised Rules
26.6.2023
The tax administration of Japan has provided an exemption to companies issuing cryptocurrencies under a revision of the corporate tax rules. A local crypto media report described the move as a step toward improving the business environment for the digital asset sector in the country. Japan...
Japanese Trust Banks Likely to Gain Permission to Handle Crypto from Autumn
2.7.2022
Japan is set to allow trust banks to manage cryptoassets – after a top financial regulator announced plans to roll out legislation that could become legally binding later this year.
The newspaper Nikkei reported that the Financial Services Agency (FSA), the body that polices both the banking...
Japanese Court Convicts Bitcoin Tax Evader- Trader Gets a Year in Prison Plus Fine for $200K
13.3.2021
Japanese authorities aren’t hesitating in hunting down anyone considered a crypto tax evader. A court in Ishikawa has sentenced one of them, a 56-year-old man that will spend one year in prison, plus pay a $200,000 fine. Sentenced Man Didn’t Disclose His BTC Trading Activity of...
Bitcoin.com Announces Cooperation Agreement With Japanese Media CoinOtaku
20.11.2020
PRESS RELEASE. Bitcoin.com, the go-to web portal for everything bitcoin, announced it reached a cooperation agreement with Japanese media CoinOtaku. A subsidiary of Beat Holdings Limited, CoinOtaku (CoinPartner) has over 900,000 views per month in its cryptocurrency portal and thousands...
BitFlyer and Brave's New Partnership to Finally Let Japanese Users Earn BAT
30.7.2020
A new partnership between BitFlyer and Brave enables Japanese users to earn BAT by watching ads on the Brave browser
Japan Implements Significant Changes to Cryptocurrency Regulation Today
1.5.2020
Major changes are happening in the cryptocurrency space in Japan as new cryptocurrency regulation enters into force today. Among notable changes are the regulation of crypto custody service providers and crypto derivatives businesses. Japan has 23 regulated crypto exchanges; unregulated platforms...
23 Approved Cryptocurrency Exchanges in Japan — Number Rises Amid Pandemic
31.3.2020
Despite the global coronavirus pandemic, Japan continues to approve more cryptocurrency exchanges to legally operate in the country. The latest one was approved on Monday, bringing the total number of legal crypto exchanges in Japan to 23. Also read: 2x Bitcoin — Wanna Double Your BTC to...
Line’s Digital Currency Link to Be Available in Japan as Early as April 2020
3.2.2020
Launched in October 2018, Asian messaging giant Line’s Bitbox crypto exchange has made its link (LN) digital asset available to users worldwide, with the exception of notable locations like Japan and the U.S. Last Thursday the group announced it was preparing to launch the coin in...
Brave Browser Tops Google Play Ranking for Highest Downloads in Japan
11.9.2019
By beating the other rival browsers, Brave ranked as the most downloaded web browser in Japan. Because of its privacy-based application and other user-friendly features, it was downloaded 2 million times in the last month in Japan. It also registered as a better performer than other rival...
Elliptic Bags a Funding of $23m, Round Led by Japan’s SBI Holdings
4.9.2019
Elliptic, the dealers in Blockchain Analytics tools recently announced raising $23m funds in a round by Japan’s Holdings in SBI. The move is aimed at expanding the reach of the start-up, across Asia. SBI is the independently operating entity of SoftBank and previously had been in...
Ripple Partner SBI Holdings Announces Launch of VCTrade Pro, A Crypto Exchange Service
5.8.2019
The crypto wave seems to have hit even the conventional banking organizations. While there are a few banks in the process of launching their own cryptocurrency, SBI Holdings has set its foot in a new direction. As per their official announcement, SBI Holdings is launching VCTrade Pro, an exchange...