JAPAN
Bank of Japan will test digital yen with three megabanks
Bank of Japan is working with three megabanks and regional banks to issue CBDCs. The pilot will test the issue of Japan's digital yen in 2023. 2026 ruling on digital currency.
Japanese Mobile Operator Partners with Accenture to Boost ESG Using Web3
NTT DOCOMO, the leading mobile operator in Japan, has collaborated with Accenture to propel the application and adoption of Web3 when tackling social issues.
Eastern Asia’s Crypto Market Growth Halts, China's Crypto Transaction Volume Drops by 31% YoY
Eastern Asia's crypto growth came to a near standstill since last year triggered China crackdowns.
Japanese Firms to Launch New Web3 Game CAPTAIN TSUBASA RIVALS
The new Japanese football-featured Web3 game will allow users to connect globally with the popular manga character.
Japan PM Says Govt’s Digital Transformation Investments Will Include Metaverse, NFTs
Japan embraces the use ofweb3 related services like metaverse, NFTs, blockchain, as solutions to challenges facing the society.
Binance Seeks Reentry to Japanese Market
Japan’s easing crypto approach attracts crypto exchange Binance to ask for reentry to this island nation after failing to do so four years ago due to stringent measures.
Japan to Introduce Corporate-friendly Crypto Tax Law in 2023
The Japanese government proposes a new crypto tax law that will be introduced in 2023 for companies.
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.
Japanese Lawmakers to Introduce New Bill, Empowering Crypto Seizure
In a bid to strengthen its regulatory landscape, Japanese lawmakers are reportedly looking forward to amending the Act on Punishment of Organized Crimes and Control of Proceeds of Crime (1999)
Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law
In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender.
Japan’s Investment Bank Nomura to Establish Digital Asset Arm
Nomura has joined the ongoing digital assets wave in the industry.
Nissan and Toyota Enter the Metaverse in Grand Style
Japanese auto giants Nissan and Toyota have entered the metaverse, aiming at occupying a bigger proportion of the vehicles market.
Coinbase Requires Regional Users to Provide Recipient Details for Crypto Transfers
Coinbase will require regional users to provide recipients' names and addresses whenever they transfer funds to other firms or exchanges, effective in April.
Japan Asks Crypto Exchanges to Cancel Russian Sanction Related Transactions
Following concerns from the G7 nations, Japan has requested crypto exchanges to suspend transactions of crypto assets that are subject to asset-freeze sanctions against Russia and Belarus, Reuters reported.
Mutual Efforts with Europe, U.S. Key for CBDC Issuance: Bank of Japan Governor
Joining hands with the United States and Europe is fundamental when meeting technical issues needed in the issuance of a central bank digital currency (CBDC).