Tag: Japan
FSA Proposal Seeks to Integrate Crypto into Japan’s Financial System
Reading time: < 1 minuteJapan’s Financial Services Agency has drafted a landmark proposal to reclassify cryptocurrencies as official “financial products,” subjecting them to the Financial Instruments and Exchange Act (FIEA).
BOK Eyes Banks for Stablecoin Launch Before Wider Market Entry
Reading time: < 1 minuteSouth Korea’s central bank wants banks to take the lead in issuing stablecoins, ensuring tighter oversight before opening the market to others.
Japan to Classify Crypto as a Financial Product
Reading time: < 1 minuteJapan’s Financial Services Agency (FSA) plans to reclassify cryptocurrencies as financial products under new regulations aimed at reducing insider trading in the digital asset market, according to a Sunday report by Nikkei.
Circle Announces USDC Launch in Japan
Reading time: < 1 minuteCircle is set to officially launch USDC in Japan on Wednesday via SBI VC Trade, a crypto exchange owned by financial conglomerate SBI Group, as the stablecoin issuer aims to expand its presence in the country.
Japan’s Ruling Party to Reduce Crypto Tax from 55% to 20%
Reading time: < 1 minuteJapan’s ruling party has drafted a proposal to lower the crypto tax rate from the current maximum of 55% to 20% and is currently seeking public feedback.
Metaplanet Plans to Acquire More BTC
Reading time: < 1 minuteMetaplanet Inc., a Japanese investment firm, has recently announced that it has secured a loan of 1 billion yen ($6.8 million) with a low 0.1% annual interest rate.
Hacker Steals Over $300M from Crypto Exchange DMM Bitcoin
Reading time: < 1 minuteOn Friday, DMM Bitcoin, a Japanese cryptocurrency exchange, announced that it had been the victim of a breach resulting in the theft of over $300 million worth of Bitcoin.
Japanese VCs Receive Green Light to Purchase Crypto
Reading time: < 1 minuteThe government of Japan is gradually moving towards the legalization of digital currencies. These tokens were included in the category of electronic money starting in 2023.
Venture Firm Eight Roads Hires Former Coinbase Japan CEO
Reading time: < 1 minuteNao Kitazawa, who served as the former head of Coinbase Japan, has now become an Investment Partner at the venture capital firm Eight Roads.
The Bank of Japan Will Start Tests of its CBDC This Year
Reading time: < 1 minuteJapan is accelerating the development of the digital version of the yen.
