Japan

According to Japan’s tax authorities, while the total number of tax violations through cryptocurrencies has risen in the country, the average value of undeclared income in crypto fell by 19%.On Nov. 24, the Japanese National Tax Agency (NTA) released its yearly summary of tax investigation ...

Circle, the stablecoin issuer behind USD Coin (USDC), is teaming up with Tokyo-based financial services firm SBI Holdings to boost the adoption of USDC and Web3 services in Japan.Circle said it concluded a memorandum of understanding (MOU) with SBI Holdings on Nov. 27, which will underpin ...

Proprietary trading system operator Osaka Digital Exchange (ODX) is set to kickstart the trading of digital securities in Japan through security tokens issued by two real-estate firms to fill the demand for alternative assets. In an announcement, ODX said that its trading system for s ...

SC Ventures, the fintech investment arm of the British bank Standard Chartered, will establish a Digital Asset Joint Venture investment company in the United Arab Emirates (UAE) in partnership with a Japanese financial conglomerate, SBI Holdings. In the press release from Nov. 9, Alex ...

The Progmat Coin ecosystem is taking shape in Japan. With a market maker, wallet provider and cryptocurrency exchanges on board, Progmat and Mitsubishi UFJ Financial Group (MUFG) hope to launch two stablecoins in the summer of 2024.Stablecoin platform Progmat Coin, MUFG and wallet provider ...

The Group of Seven (G7) industrial countries are scheduled to agree upon an artificial intelligence (AI) code of conduct for developers on Oct. 30, according to a report by Reuters. According to the report, the code has 11 points that aim to promote “safe, secure, and trustworthy AI w ...

Nomura's digital asset subsidiary, Laser Digital Asset Management, has introduced the Bitcoin Adoption Fund, targeting institutional investors. This Bitcoin (BTC)-based fund represents the first in a series of digital adoption investment solutions that the firm plans to launch. Nomura, a Japanese fi ...

Proof-of-stake (PoS) blockchain platform Avalanche is expecting 5-10 million transactions on a subnet as a Japanese loyalty program company that claims to have 100 million users has partnered with the network to bring their mass-scale loyalty rewards program into a blockchain. Cointel ...

Japanese financial holding company SBI Group has announced that its international remittance services arm SBI Remit has partnered with Ripple and SBI Ripple Asia to offer an XRP (XRP) remittance service to bank accounts in several Southeast Asian countries. In an announcement, the com ...

The principal financial regulator of Japan, the Financial Services Agency (FSA), has decided to take crypto regulation into its own hands and has proposed to change the tax code in regard to digital assets. The request was submitted by the FSA on Aug. 31. The most notable suggestion i ...

The EOS token has been granted whitelist approval by Japan’s crypto regulator, paving the way for the token to be traded against the Japanese yen on regulated exchanges in the country. In an announcement sent to Cointelegraph, the EOS Network Foundation (ENF), which current ...

The launch of the controversial digital ID crypto project, Worldcoin, has stirred up a wave of attention and debate. Led by Sam Altman, the CEO of OpenAI, Worldcoin made headlines with its promise to introduce a futuristic digital identity system based on iris scanning, differentiating humans fro ...

In the latest episode of Macro Markets, Cointelegraph analyst Marcel Pechman discusses the recession in Germany, Europe’s largest economy. According to a recent headline in The Wall Street Journal, “Germany is dragging down Europe’s economy.“ The article explains how the country heavily depends o ...

Major cryptocurrency exchange Binance has announced the launch of a Japan-based arm roughly two years after receiving a warning from the country’s financial regulator.In an Aug. 1 announcement, Binance said local crypto exchange Sakura Exchange Bitcoin has launched as Binance Japan i ...

The crypto arm of Nomura has obtained an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA) amid the Japanese financial holding firm’s attempts to leave its mark in the digital asset space.Laser Digital Middle East FZE, Nomura’s Dubai-based digital asset subsidiary, a ...

Advocates of the crypto industry in Japan are demanding a revision of the national tax regime for digital assets. The Japan Blockchain Association (JBA), a non-governmental lobbying group, filed an official request to the country’s government, highlighting three major steps to ease the fiscal bur ...

Billionaire entrepreneur Mark Cuban has again locked horns with former securities official John Reed Stark, this time over who was ultimately to blame for FTX’s collapse and the impact on creditors. During a heated back-and-forth exchange, Cuban argued had the United States Securitie ...

On June 26, Japan’s financial regulator, the Financial Services Authority (FSA), announced a partnership with the Monetary Authority of Singapore (MAS) for the joint regulation and pilot testing of cryptocurrency projects in accordance with the latter’s “Project Guardian” initiative. The particip ...

Token issuers in Japan no longer have to pay corporate taxes on unrealized cryptocurrency gains, according to a law revision by the National Tax Agency on June 20. The tax exemption goes into effect nearly six months after the Japanese government approved a proposal eliminating t ...

The Japanese Ministry of Education, Culture, Sports, Science and Technology plans to allow schools from elementary to high school level limited usage of generative artificial intelligence (AI) in classrooms. According to a local news outlet, a source close to the matter said that gene ...

Megabank Mitsubishi UFJ Financial Group (MUFG) has announced that its stablecoin issuance platform “Progmat Coin” will soon be used by Japanese banks to launch Yen-pegged stablecoins on several public blockchains.Japanese banks have recently outlined intentions to either look into or launc ...

Officials in Japan are beginning to tighten their stance toward artificial intelligence (AI) after the country’s local privacy watchdog warned ChatGPT’s parent company about its data collection methods. On June 2, Japan’s Personal Information Protection Commission issued a statement a ...

Japanese artificial intelligence experts and researchers are urging caution over the use of illegally obtained information to train AI, which they believe could lead to “a large number of copyright infringement cases,”  as well as job losses, false information and the leaking of confidential informa ...

Binance, the largest cryptocurrency exchange, announced that it will launch a new cryptocurrency trading platform in Japan this summer that will meet local regulatory requirements. Exchange executives explained that as part of Binance Japan's launch, the international platf ...

This is to meet regulatory requirements The user migration is expected to take place tentatively in August The global platform will be closed to local customers on November 30 The company expects to complete the "migration" by December 1 B ...

They have analyzed different types of regulation And recommend a flexible approach The WEF considers Switzerland and Japan to be good examples The United States to be bad The World Economic Forum has issued a technical paper designed to re ...

Japan's parliament has decided to introduce stricter measures against money laundering through cryptocurrencies. The new AML procedures will go into effect as early as June 1. According to local publication Kyodo News, the new AML procedures will allow the Japanese legisl ...

The country will adopt tougher laws against money laundering in cryptocurrencies The rules will take effect on June 1 Japanese lawmakers have decided to tighten anti-money laundering (AML) measures to track cryptocurrency transactions. Parliament on Tuesday, M ...

This rule requires service providers to share customer data The FATF believes this will solve the problem of tax defaulters The bloc is expected to present a draft global regulatory framework for cryptoassets in June The Group of Seven (G7) met in Nii ...

North Korean-linked hacker groups stole $721 million in cryptocurrency from Japanese entrepreneurs between 2017 and Jan. 1, 2023, according to an Elliptic study published by Nikkei. The amount represents 30% of total losses from DPRK hack ...

Universities in South Korea, Japan and Taiwan are increasing investment in virtual reality despite skepticism surrounding meta-universes Educational institutions in Japan, South Korea and Taiwan are betting on virtual reality (VR) despite mixed progress around the meta-universe concept. Nikkei As ...

Binance, the largest cryptocurrency exchange in the world, is all set to commence operations in Japan under the name Binance Japan from June 2023. This development comes after Binance acquired Sakura Exchange BitCoin (SEBC) in November of last year. At present, SEBC of ...

FTX, a cryptocurrency exchange that is currently bankrupt, recently made an announcement stating that it has decided to delay the sale of its Japanese subsidiary. This decision has been made in order to explore the possibility of reopening the subsidiary. FTX Japan is one of the few licensed c ...

Calbee, a top snack manufacturer in Japan, is set to launch an exciting advertising campaign dubbed "Chips-NFT" that will distribute collectible tokens on the Astar blockchain. Customers who purchase Usu-Shio, Consomme-Punch, or Nori-Shio chips will get an opportunity to participate in a game cal ...

Alibaba Group has exciting plans for April as it prepares to launch a cutting-edge blockchain lab in Japan. The lab promises to offer invaluable support to local partners, helping them to develop innovative commercial projects that utilize modern blockchain technologies. The lab will be based ...

A group of Japanese bankers from Tokyo's Kiraboshi Financial Group, Minna Bank, and Shikoku Bank will be participating in the testing of stablecoins on the Japan Open Chain blockchain. The blockchain developer, G.U. Technologies, released this information. From May 6, Japan will lift the ban on t ...