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High Taxation in Japan is Driving Crypto Businesses Away, Entrepreneur Says

High Taxation in Japan is Driving Crypto Businesses Away, Entrepreneur Says

To prevent entrepreneurs from leaving the nation, Japan should minimize corporate taxes on crypto businesses, according to Sota Watanabe, the CEO of Stake Technologies Pte.

Japan Accelerates Digital Yen Plans Amidst Global CBDC Race

Japan Accelerates Digital Yen Plans Amidst Global CBDC Race

Japan is advancing its plans for a digital yen, with the Bank of Japan set to pilot a CBDC program and the finance ministry preparing an expert panel to address legalities, signaling a significant shift in Japan's traditional cash-centric economy.

Proposal to Amend Cryptocurrency Leverage Regulations in Japan

Proposal to Amend Cryptocurrency Leverage Regulations in Japan

JCBA has proposed to JVCEA to amend the leverage ratio regulations in cryptocurrency margin trading, advocating for the application of corporate leverage calculation methods to individual transactions as well. The proposal aims to align the crypto market's leverage regulations with other derivative markets and possibly re-attract users who shifted to overseas exchanges for higher leverage.

Japan Blockchain Association Proposes Cryptocurrency Tax Reforms to Government

Japan Blockchain Association Proposes Cryptocurrency Tax Reforms to Government

The Japan Blockchain Association (JBA), led by Representative Director Yuji Kano of bitFlyer, submitted a proposal for cryptocurrency tax reforms to the government on July 28, 2023.

Tencent to Offer Metaverse Business Support in Japan before Feb

Tencent to Offer Metaverse Business Support in Japan before Feb

Tencent reportedly will launch services for supporting the virtual space "Metaverse" business to Japanese companies before February.

Japanese Crypto Trading Activity Fell as COVID-19 Pandemic Hit in March

Japanese Crypto Trading Activity Fell as COVID-19 Pandemic Hit in March

The Japan Virtual and Crypto assets Exchange Association has reported that during the COVID-19 pandemic there has been a decline in active crypto-trading in Japan.

Japanese University Integrates Blockchain for Tamper-Proof Academic Records

Japanese University Integrates Blockchain for Tamper-Proof Academic Records

The Muroran Institute of Technology, located in Hokkaido, Japan, is piloting a blockchain initiative to authenticate the academic records of its students. Five other Japanese universities are expected to follow suit in 2020.

Liquid Partners with Binance to Enhance Identity Verification with eKYC Solution in Japan

Liquid Partners with Binance to Enhance Identity Verification with eKYC Solution in Japan

Liquid Inc. teams up with Binance to provide eKYC identity verification in Japan, leveraging AI-based facial authentication for secure and compliant user verification.

Ripple Most Likely to Relocate Blockchain Firm to Japan Over Other Countries, Says SBI Holdings CEO

Ripple Most Likely to Relocate Blockchain Firm to Japan Over Other Countries, Says SBI Holdings CEO

It appears that blockchain firm Ripple Labs may favor Japan over other locations when considering new headquarters outside of the United States.

FTX Japan users withdraw funds amid litigation

FTX Japan users withdraw funds amid litigation

Due to the large number of FTX-SBF victims, payment is projected to take time.

Japan Appoints Crypto-Friendly Leader as New Financial Services Agency Commissioner

Japan Appoints Crypto-Friendly Leader as New Financial Services Agency Commissioner

Japan’s government seeks to appoint crypto-friendly leader Ryozo Himino as the next commissioner of the country’s Financial Services Agency.

FTX Apparently Has Three More Months To Cease Business In Japan

FTX Apparently Has Three More Months To Cease Business In Japan

Local authorities have authorized FTX Japan to resolve withdrawal difficulties. Kanto Local Finance Bureau commented on FTX Japan activities. Japanese authorities extended FTX's suspension date to March 9, 2023. After purchasing Liquid, FTX started in Japan in June 2022.

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