Fri, March 29

Japan Approves Direct Crypto Investments For Venture Capitalists

In a major development for Japan’s financial landscape, the nation’s cabinet has greenlit a proposal that would allow cryptocurrencies to be included in the list of assets accessible to local investment limited partnerships. This move, announced by the Ministry of Economy, Trade and Industry on February 16, marks a pivotal

February 19, 2024 2 mins read

Japanese E-commerce Giant Mercari Embraces Bitcoin Payments

Japan is a crypto-friendly nation, and businesses there are now trying to figure out how to increase Bitcoin utilization. According to Mercari, one of the biggest e-commerce platforms in Japan, users will be able to buy using Bitcoin beginning in June this year. The business’s cryptocurrency subsidiary, Melcoin, located in

January 8, 2024 2 mins read

Web3 Firms Unite in Crypto Donations for Japan Earthquake Relief

A 7.5-magnitude earthquake struck Japan’s western coast on January 1, 2024, causing destruction across Ishikawa and surrounding prefectures. In the aftermath, prominent Web3 companies based in Japan have taken action to gather cryptocurrency donations to aid relief efforts. Oasys Japan, a major player in the Web3 industry, began accepting donations

January 2, 2024 2 mins read

Japan-based Monex Group to Acquire Controlling Stake in 3iQ

The Japanese asset manager, crypto exchange, and brokerage company Monex Group has declared its intention to acquire 3iQ Digital Holdings’ controlling share. In a statement made on December 28th, Monex said that 3iQ’s background in listing early Bitcoin and Ethereum exchange-traded funds in North America was a factor in the

December 29, 2023 2 mins read

Japan Eases Crypto Tax Burden for Businesses in 2024 Reform

The Japanese government adopted the framework for crypto tax reform for fiscal year 2024 at a cabinet meeting that took place on December 22nd. A major adjustment affecting firms holding crypto assets comes with this change. Corporations owning virtual currencies issued by third parties are no longer subject to the

December 24, 2023 1 min read

Japan Proposes Reducing Tax on Long-term Crypto Holdings

A new tax system for businesses with cryptocurrency holdings as long-term assets is being prepared to be implemented in Japan. Positioning Japan as an influential participant in the fast-growing digital economy is a larger goal, and this step is only one component of that plan. Japanese lawmakers from the Liberal

December 7, 2023 2 mins read

Circle Drives USDC Adoption in Japan with SBI Holdings

To propel the adoption of the USDC stablecoin and advance Web3 services in Japan, Circle, the renowned issuer of USDC stablecoin, has entered into a promising partnership with SBI Holdings, a prominent Japanese financial conglomerate. The collaboration was solidified with the signing of a memorandum of understanding (MOU) on November

November 27, 2023 2 mins read

Nomura Group Launches Bitcoin Fund for Institutional Investors

Nomura Digital Assets, a division of Japan’s largest investment bank, Nomura Group, has established a Bitcoin fund. It will provide large investors easier access to digital assets in the face of increased demand, and it is Nomura’s first investment solution for digital adoption. In a news release dated September 19,

September 19, 2023 1 min read

Crypto Trading Volume in Japan Surges Amid Yen Market Instability

Southeast Asian traders and investors have been heavily involved in the crypto sector. The amount of trading on Japanese exchanges increased by more than 60 percent last month compared to the start of 2023. Recent analysis from Kaiko attributes the increase in volume to yen market instability. The yen’s value

July 25, 2023 2 mins read

Shiba Inu Goes Mainstream in Japan as SBI Group Enables SHIB Trading

SBI Group, a prominent financial service giant in Japan, has taken a major step into cryptocurrency trading. Through its subsidiary, SBI VC Trade, the company has announced plans to offer trading services for Shiba Inu (SHIB), a digital currency inspired by Dogecoin. /今日から3銘柄の取扱い開始📣シバイヌ(SHIB)、ダイ(DAI)、コスモス(ATOM)\ SBI VCトレードでの取扱い暗号資産は全部で【20種類】になりました✨ <7月から提供開始予定>・DAIのレバレッジ取引・ATOMのステーキングhttps://t.co/qfOmiKw716 pic.twitter.com/pnX7UOK9dB — SBI VC

June 29, 2023 2 mins read