Palau partners with Soramitsu on blockchain-based bond platform

The Pacific island nation, with a population of 18,000, is a leader in the implantation of blockchain technology.

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54% of institutional investors in Japan plan to invest in crypto: Survey

54% of Japanese institutional investors plan to invest in crypto over the next three years, citing portfolio diversification and high return potential as key drivers.

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Konami partners with Avalanche for Resella NFT platform launch

Konami Digital Entertainment has teamed up with Avalanche to debut Resella, an intuitive NFT platform simplifying NFT creation, issuance and trading.

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Japanese listed firm adds Bitcoin as reserve asset with 117 BTC

Since announcing its Bitcoin strategy in April, Metaplanet has accumulated around 117.7 BTC valued at $7.2 million.

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Japanese Company Metaplanet Announces $13.3 Million Bond Offering to Expand Bitcoin Holdings

MetaPlanet, a leading investment firm, has recently issued $13.3 million in bonds with the intention to acquire Bitcoin. This move signifies a growing trend among institutional investors to diversify their portfolios by including the popular digital asset. MetaPlanet’s decision to issue bonds for the purpose of investing in Bitcoin highlights the increasing acceptance and recognition [...]

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Japan Blockchain Association Urges Tokyo to Overhaul Crypto Tax System

An industry organization in Japan has suggested that the government should reform taxation rules for crypto assets and transactions. Its members are convinced that the current tax regulations hinder growth of the Web3 economy in the country and discourage taxpayers from holding and using cryptocurrencies. Japan Government Asked to Amend Tax Laws for Crypto Gains [...]

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‘Community-Based IP’ — Yuga Labs CEO Describes Web3 Evolution of Licensing to Japanese Government Official

In a recent “fireside chat” with the deputy director of the Web3.0 Policy Office of Japan’s Ministry of Economy, Trade, and Industry, Yuga Labs CEO Daniel Alegre noted: “We’re not even in the first inning” of where Web3 “evolution” is going to go. During the interview with the politician, Alegre described new models of IP [...]

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Binance Launching New Crypto Trading Platform in Japan This Summer to Comply With Regulations

Global cryptocurrency exchange Binance says it has created a new crypto trading platform for Japan residents that will be available this summer. The new exchange will fully comply with Japanese crypto regulations and will offer trading of a limited number of tokens initially, according to the exchange. Binance Has Created New Crypto Trading Platform for

The post Binance Launching New Crypto Trading Platform in Japan This Summer to Comply With Regulations appeared first on BTC Ethereum Crypto Currency Blog.

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Binance to Restore Full Services in Japan in August, CZ Unveils

Cryptocurrency exchange Binance will start offering full services in Japan next month, founder Changpeng Zhao (CZ) announced. The leading trading venue for digital assets reenters the Japanese market with a domestic exchange after announcing earlier it was discontinuing services through its global platform. Binance Returns to Japan, Praises Its Web3 Regulatory Framework The world’s largest [...]

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KuCoin Report Reveals 3.8 Million Japanese Engaged in Cryptocurrency

KuCoin has recently released its 13th edition of the 'Into The Cryptoverse' report, focusing on the rapidly growing cryptocurrency market in Japan. (Read More)

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Crypto Companies in Japan Get Tax Relief Under Revised Rules

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 Tax Authority Gives Cryptocurrency Businesses a Tax Exemption Japan’s

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Japan to Apply Tougher Crypto AML Regulations, ‘Travel Rule’ in June

Stricter anti-money laundering (AML) measures for the crypto sector in Japan will enter into force next month, local media reported. The new rules were adopted to align the country’s legal framework for cryptocurrencies with global standards in the field. Japan to Enforce Legislation Allowing the Tracing of Crypto Transactions The Cabinet of Japan, the executive

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Japan’s Largest IT Service Provider Fujitsu Files Trademark Covering Crypto Trading Services

Japanese tech giant Fujitsu has filed a trademark application with the U.S. Patent and Trademark Office that covers several cryptocurrency services. The application specifically mentions “financial management of crypto assets,” “financial exchange of crypto assets,” and “financial broker services for cryptocurrency trading.” Fujitsu’s Crypto Trademark Application Fujitsu, one of the world’s largest IT service providers, [...]

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Kraken quits Japan for the second time, blaming a ‘weak crypto market’

The crypto exchange said it will deregister from Japan’s Financial Services Agency as a crypto asset exchange operator from Jan. 31.

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Japan Reduces 30% Crypto Tax On Paper Earnings For Token Issuers

To boost the Japanese banking and IT industries, the government would relax crypto company tax restrictions. Even if they haven't sold, Japanese crypto issuers must pay a 30% corporation tax on their holdings. In recent years, some local crypto/blockchain enterprises and personnel have moved abroad. (Read More)

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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. (Read More)

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A record 329 Japanese companies back Astar Network in Nikkei ad

Astar Network (ASTR/USD), a leading Layer-1 platform for multichain and which supports the building of decentralised applications with EVM and WASM smart contracts, has managed a feat no other blockchain platform has in terms of the number of major companies that have extended their support.

On Monday, the top Polkadot (DOT) parachain announced that its national newspaper advertisement had set a world record with 329 blue chip brands coming together in a single ad to support Astar’s Web3 project.

The advertisement ran on Monday 26 September in Nikkei.

According to Astar Network’s announcement, the smart contracts platform’s unique Build2Earn model that helps incentivise and empower developers through a dApp staking mechanism, has seen it recently voted the leading Layer-1 blockchain in Japan. The honour was bestowed on the by the Japanese Blockchain Association, the platform stated in the news release.

The support of the 329 companies, and the move by the Japanese government to make the country a crypto hub, thus aligns with Astar’s goals, the platform’s founder and CEO Sota Watanabe said. He added:

“Web3 is all about community. And we are proud that we could make this epoch-making ad supported by 329 companies including the biggest banks, reputable Internet companies and branch officers of a foreign companies like Microsoft and Accenture. This ad reflects the strong unity of the Japanese ecosystem. As Japan’s leading blockchain project, we will do our best to accelerate Web3 innovation through Astar.”

In its Web3 goals, Astar Network is getting support from some of the biggest banks and companies around the globe, including Microsoft, GMO, DeNA, Accenture and AWS. 

The mega ad came with a free non-transferable NFT distribution, which users can access by scanning a QR code on the Nikkei newspaper.

The post A record 329 Japanese companies back Astar Network in Nikkei ad appeared first on Invezz.

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Wall Street sends BTC price to $30.8K as latest US dollar uptick fails

U.S. dollar strength is waning as traders hope for critical levels to break to exit Bitcoin’s “no trade zone.”

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Japan Passes Bill That Defines Stablecoins as Digital Money

. East Asian country Japan on Friday passed into law a bill that defines stablecoins as digital money, Bloomberg reports. . The new law, which is expected to take effect in a year, follows last mon...

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Crypto.com gets nod in Dubai and FTX launches in Japan

Crypto.com will have further requirements before its full license is granted in the “near-term” and FTX said the move would allow it to work “directly with Japanese regulators.”

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