Japan’s Financial Services Agency (FSA) has reportedly ordered the local branch of FTX to shut down, according to a statement issued on Thursday. The decision states that effective immediately, FTX Japan is to discontinue all operations as a cryptocurrency exchange. Including the acceptance of new customers, and will not resume
To help it realize its vision of becoming Japan’s Web3 hub, Fukuoka, Japan’s second-largest port city and a National Special Strategic Zone, has partnered with Astar Japan Lab to develop local Web3 use cases. On October 13 during the “Myojo Waraku 2022” conference in Fukuoka, the partnership was revealed by
A legal framework governing cryptocurrencies was first adopted in Japan. After Terra Luna collapsed in 2022, a bill was passed allowing licensed banks to use stablecoins. The Japanese government endorsed a cabinet decision to revise six laws related to the Foreign Exchange Act to resist money laundering. The bill tightens
The alert was given in a document published on Saturday by the National Police Agency. The North Korean Lazarus hacking gang is now utilizing false job postings. Japanese officials have issued a warning, citing intelligence that the Lazarus group of North Korea is specifically targeting firms in Japan. Especially that
Kishida said the country would expand the use of Web3 services. Japan has decided to strengthen an existing money laundering regulation. In a policy speech on Monday, Japan’s Prime Minister Fumio Kishida announced his intention to boost developments in Non-fungible tokens (NFTs) and the Metaverse. According to Kishida, the country
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
