It will help Japan to reduce crypto-related money laundering. These grants authorities the power to make information requests to exchanges. Japan has decided to revise an existing regulation on money laundering in an effort to reduce the prevalence of crypto money laundering. The worldwide threat of cryptocurrency money laundering and
When the leading Japanese companies came together to usher in the era of Web3, the smart contracts platform Astar Network was able to run a national newspaper ad with the most brands in a single ad, setting a new global record. On September 26th, Nikkei published an ad for which
The Nomura Holdings, a behemoth of the Japanese investment banking industry, has announced its entry into the cryptocurrency market. With a flurry of “new services and product lines” expected to debut over the next several months. Nomura is not just one of Japan’s oldest but also one of its biggest
Seven different mayors were honored with NFT for their efforts. Fumio Kishida, the prime minister of Japan, was also present at the event. The Japanese government is rewarding local authorities that have shown exceptional progress in the use of digital technology to address local concerns and advance the digital economy,
This comes at a time when Japan is enforcing more rules on the cryptocurrency sector. The current corporation tax rate is set at 30% on all cryptocurrency profits. Animoca Brands, a juggernaut in the crypto gaming and web3 investing space based in Asia, is expanding into Japan with the help
Crypto ATMs are returning to Japan after a four-year absence. Initial installations will be made in Tokyo and Osaka. Two of Japan’s most famous crypto advocacy organizations have pushed for lower taxation on individual crypto investors. Requests for tax reform have been made by Japan’s crypto-asset business associations JCBA and
The University of Tokyo is about to launch new courses related to the metaverse. The new metaverse course will educate learners about the working of the subject. The University of Tokyo is planning to introduce Metaverse-related courses in the educational field. According to recent reports from Japan, the University will
Policy-making will also be a part of Web3’s development, according to the release. Web3 Policy Office” will be more than merely a consulting organization. Web3 Policy Office is established by Japan’s Ministry of Economy, Trade, and Industry (METI) in the Minister’s Secretariat. As part of the new organization, the departments
US officials have identified the region of Siberia as a key crypto mining center. A call has been sent to 31 Japanese crypto exchanges. It has been reported by the Financial Times that US officials have asked the Japanese government to intensify pressure on cryptocurrency exchanges and miners with ties
The bill does not address existing asset-backed stablecoins. Mitsubishi UFJ intends to launch its own stablecoin called Progmat Coin. On Friday Japan’s government implemented a legal framework for stablecoins that offering a safeguard for investors, following last month’s TerraUSD crackdown which led to multibillion-dollar losses. The collapse of algo-stablecoin TerraUSD
