On February 16, Japan’s administration, led by Prime Minister Fumio Kishida, took a bold step towards integrating digital assets into the country’s investment framework. The Cabinet’s approval of a bill aiming to amend the Industrial Competitiveness Enhancement Act signifies Japan’s…
Rising Crypto Tax Violations in Japan: Findings, Factors, and Calls for Reform
In a recent announcement, the Japanese National Tax Agency (NTA) disclosed that it has intensified its efforts to investigate and address tax violations related to cryptocurrencies. The NTA’s annual report on tax investigations revealed a surge in the number of…
DCJPY: The Japanese Yen-Backed Digital Currency Set to Launch in July 2024
In a groundbreaking move set to reshape the financial landscape, a new digital currency is poised to make its debut in July 2024. The Japanese yen-backed digital currency, known as DCJPY, is expected to bring forth a wave of innovation…
Hokkokubank Launches Local Digital Currency in Japan, Stablecoin Coming Soon
In a groundbreaking move that is set to revolutionize Japan’s financial landscape, Hokkokubank, in partnership with Kono Shinkin Bank, has launched a local digital currency initiative. This innovative project aims to empower local communities and businesses by leveraging blockchain technology…
Japan is Set to Lead Web3 Industry As Prime Minister Makes New Promises
Japan’s Prime Minister, Fumio Kishida, is working consistently to put the Asian country at the forefront of Web3 technology. On the other hand, his recent promises show the government’s commitment to grow a Web3 hub. Recently, the Prime Minister attended…
FTX-Owned Crypto Exchange Liquid Suspends Trading Due to Bankruptcy Proceedings
Liquid Global, a cryptocurrency exchange with headquarters in Japan that was formerly owned by the bankrupt exchange FTX, stopped all trading after being “instructed” to do so by the bankruptcy attorney’s office. Trading Stopped Indefinitely A tweet from Liquid Global’s…
Japan Credit Bureau to Test CBDC for Payment Settlement
Japan Credit Bureau (JCB) has introduced its digital currency before Japan issues a CBDC. CBDC Tested Using Current Payments Infrastructure According to JCB’s projection, the adoption of CBDCs may be constrained in the future if older people and small children…
North Korea’s Lazarus Responsible For Major Crypto Hacks In Japan
Japan’s national police have identified the entity responsible for several years’ worth of cyberattacks, including cryptography, as Lazarus, a North Korean hacking ring. Japan Issues Crypto Hack PSA On October 14, the National Police Agency (NPA) and Financial Services Agency…
Japan Follows China’s Footsteps by Preparing for Digital Currency
Japan is getting ready to unveil its digital currency on both the public and private sectors. Japan’s moves follow in the footsteps of China and other jurisdictions that have made similar moves in the recent past. The Chinese have been…
Former BOJ head: Japanese CBDC Years away
Japan will need several years before it can put in place a Central Bank Digital Currency (CBDC) according to a top Bank of Japan official. Japan’s long potential weight would be caused by a fear that the introduction of such…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
