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
Several hacking events in March 2018 led to the formation of the JVCEA. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC) will be included. In order to compete with global crypto trading platforms, Japanese cryptocurrency exchanges are allegedly trying to streamline the listing procedure for new cryptocurrencies. In late
Bitcoin, Ether, Ripple, and Litecoin will be included on the impending green list. According to Nikkei, just 40 coins have been listed on Japanese crypto exchanges. According to reports, Japanese cryptocurrency exchanges are attempting to enhance competition with overseas exchanges by making it easier to add new cryptocurrencies. According to
Japan has been slow to adopt stronger regulations on private digital currencies. According to an industry body, 31 exchanges were operating in Japan on March 4. Monday, Japanese authorities issued an order instructing crypto exchanges to stop processing transactions involving assets frozen by the United Nations Security Council because of
The NFT explosion and adoption rallied high last year following the NFT sales starting from “Beeple”. Following that, many institutional investors and big companies began to invest in Non-Fungible Tokens (NFT). Similarly, Rakuten, a Japanese e-commerce firm, announces the launch of its own NFT marketplace. As NFT adoption exploded last
