Japan Moves to Reclassify Crypto, Unlocking ETFs and Tax Cuts
Japan is set to make a major shift in its approach to cryptocurrency regulation. The country’s Financial Services Agency (FSA) has proposed reclassifying crypto assets, a move that could pave the way for exchange-traded funds (ETFs) and significantly lower taxes for investors. This proposal signals Japan’s intention to embrace digital assets more fully while updating […]
Japan FSA Warns Bybit, 5 Other Exchanges
Japan FSA warned five crypto exchanges, including Bybit and KuCoin, for operating without registration. The Financial Services Agency (FSA) of Japan has issued warnings to five cryptocurrency exchanges located outside of Japan. These exchanges are Bybit Fintech Limited, KuCoin, MEXC Global, Bitget Limited, and Bitcastle LLC. Japan FSA Issues Warning To KuCoin, Bybit, and Others […]
Metaplanet Concludes Media Deal After Buying First BTC
Metaplanet, a Japanese company, has been collecting Bitcoin for six months and is now preparing to enter the crypto media industry by establishing a local version of Bitcoin Magazine. Just six months after purchasing Bitcoin for the first time, Tokyo-based investment firm Metaplanet Inc. has agreed to license a Japan-based franchise of crypto news media […]
Hitachi Solutions Announces Web3 Development for Enterprises
Hitachi is not a pioneer in the Japanese blockchain space, but it is catching up with a comprehensive Web3 development package. Hitachi has launched a new Web3 development solution, aiming to support companies with comprehensive services through its Hitachi Solutions subsidiary. The company offers “one-stop support” for needs ranging from staff training to full-scale Web3 […]
Japan’s Metaplanet Increases BTC Reserves by $6.7M
Metaplanet purchased an additional ¥1 billion ($6.7 million) worth of Bitcoin, bringing their total BTC holdings to 639.50 BTC, valued at $40.54 million. The Tokyo-based firm’s stock surged over 10% following the announcement. In a statement issued on October 7, Metaplanet disclosed that it had acquired an additional ¥1 billion in Bitcoin, equivalent to 108.786 […]