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
Japanese financial conglomerate made it to the headlines today as the information regarding its plans to sell a minority stake in B2C2 crypto unit surfaced. Bloomberg reported that people familiar with the matter, who wish to stay anonymous, revealed the news. SBI Financial Services Inc. is an affiliate of SBI
The Financial Services Agency (FSA) of Japan is about to classify crypto assets as financial products. With this action, insider trading will be regulated, and investors will be given more protection. As a Nikkei report states, the FSA will submit these legislative amendments to the parliament by 2026. The amendments
As another day dawns, the crypto community’s morning tea includes Donald Trump’s speech at the digital summit. While prices have still hit a slump, the regulatory sector has sprung into action in the past day. Notably, a few hours ago, the SEC released a statement discussing that PoW mining is
Bank of Japan made headlines today with its decision to keep interest rates steady at 0.5%. Meanwhile, the crypto industry is eagerly awaiting today’s FOMC meeting on US interest rate decisions. Bitcoin price reacted little to the BOJ news, trading at $83,900 with a price rise of 0.38% today. The
Tokyo-listed mobile game studio Gumi Inc. has announced that between the months of February and May 2025, it intends to purchase Bitcoin (BTC) worth around 1 billion Japanese yen, about $6.58 million. Gumi Inc. points out that Bitcoin investment is one of the measures to consolidate the node operation business
