Japan’s FSA is getting serious about protecting crypto users. They want every exchange to keep a pile of cash on hand. Just like securities firms do, so if a hack or a mistake happens, customers get paid quickly. Think billions of yen, depending on the exchange size and past drama.
Japan’s financial regulator has ranked Shiba Inu alongside Bitcoin and Ethereum on an elite list. The meme coin is now part of the roughly 30 digital currencies that are approved for simplified trading. This achievement gives SHIB a chance to be eligible for tax benefits under the new reforms. The
Japan is preparing to ban insider trading in digital currencies through new regulations that will incorporate protections similar to those used for traditional markets. The Financial Services Agency and Securities Exchange Surveillance Commission have proposed reforms to increase scrutiny of cryptocurrency transactions nationally. The expectation is to submit these legislation
PayPay, a payment service from SoftBank Group, has acquired a major minority stake in Binance’s business in Japan, allowing the Findex ecosystem to make strides into crypto services. This investment recognizes PayPay as an influential player in Japan’s rapidly evolving digital asset market, and it increases Binance’s footprint in the
Japan’s Metaplanet has unveiled Metaplanet Income Corp., a wholly owned subsidiary created under its U.S. holding company, Metaplanet Holdings, Inc. The new entity is designed to strengthen the firm’s Bitcoin Income Generation Business, which has grown into a steady revenue engine for the group. By setting up a platform in
Japan is moving to reclassify cryptocurrencies under the Financial Instruments and Exchange Act (FIEA), signaling a major shift in its regulatory approach. On June 24, the Financial Services Agency (FSA) released a proposal aiming to treat digital assets as financial products. If approved, the move will reduce the current progressive
The crypto market has lost around 3% of its total market cap today, and Bitcoin maintains its price levels at around $107,000, while Ether is trading above the $2,700 mark. The crypto fear and greed index is reading 61, which indicates that the market sentiment is greedy at present. What
Ripple is making a big move in Asia’s Web3 space by launching a fresh grant initiative aimed at accelerating blockchain innovation in Japan. The company announced on June 9 that it has teamed up with Web3 Salon, a project backed by Japan’s External Trade Organization (JETRO) and driven by the
A management consulting services company from Japan, Remixpoint, has given the green light to the purchase of an additional 1 billion Japanese yen or $7 million in Bitcoin, raising its total holdings to 12 billion Japanese yen or $84 million. After a board resolution on May 26, the firm announced
A blockchain-enabled platform, Tether, has publicized the positioning of its native USDT stablecoin on Kaia blockchain, a layer 1 network launched in August last year on May 7. As per the announcement, USDT will be amalgamated into the Japanese messaging app LINE’s Mini Dapp platform and self-custodial wallet. Tether posted
