6 / 9 Relevant items tagged with #Japan

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Dappradar: Metaverse Projects Command 43.68% of the Web3 Investments in 2023

[Jul 4, 2023 12:00 AM] While metaverse and virtual world projects have nosedived, a recent report of Dappradar, a Web3 tracking site, has revealed that venture capital firms have invested $707 million in these projects since the start of 2023. This means that, even when…

Sony Network invests in Japanese Web3 startup to spur mass adoption

[Jun 28, 2023 1:50 AM] The deal includes an investment of $3.5 million, a Sony executive moving to Startale Labs and collaboration on new Web3 tools for mass adoption.

Japanese and Singaporean regulators join forces on crypto pilot project

[Jun 27, 2023 10:30 AM] “Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks,” said FSA official Mamoru Yanase.

Japanese Crypto Issuers Won't Pay Taxes on Unrealized Gains, Govt. Clarifies

[Jun 26, 2023 3:57 AM] Token issuers in the country were subject to a 30% corporate tax for unrealized gains on their own tokens.

Crypto Companies in Japan Get Tax Relief Under Revised Rules

[Jun 26, 2023 2:30 AM] The tax administration of Japan has provided an exemption to companies issuing cryptocurrencies under a revision of the corporate tax rules. A local crypto media report described the move as a step toward improving the business environment for the…

Token issuers in Japan exempt from 30% crypto tax on paper gains

[Jun 25, 2023 2:32 PM] Japan's National Tax Agency published a partial revision of its corporate tax guidelines, implementing new tax rules for token issuers.

Limited generative AI usage to be allowed in Japanese schools

[Jun 22, 2023 7:37 AM] The Japanese Ministry of Education plans to allow limited use of generative AI, like ChatGPT, in elementary, junior high and high schools across the country.

Japan’s Crypto Exchanges Push for 10 Times Leverage on Margin Trading: Bloomberg

[Jun 20, 2023 3:40 AM] The push for revised margin trading caps aims to attract diverse traders, including institutional investors, while enhancing market liquidity.

Stablecoin Regulation Is a Sticking Point Between the G-7 and G-20

[Jun 8, 2023 2:00 AM] Global leaders appear to have reached a consensus on setting up universal rules and standards for most aspects of the crypto sector save for the treatment of stablecoins.

Russian Finance Minister Talks Dollar Attack on Russia, Importance of Developing Alternatives for Settlements

[Jun 7, 2023 4:00 AM] Russian Finance Minister Anton Siluanov has given his opinion on the perceived attack the Russian economy has been receiving from the U.S. dollar, and how the country has moved to keep trade going. Siluanov also remarked on the importance of…

Japan Blockchain Week 2023 Supported by Ministry of Economy, Trade and Industry

[Jun 6, 2023 12:15 AM] PRESS RELEASE. The Japanese Ministry of Economy, Trade and Industry (METI) has confirmed its support for Japan Blockchain Week 2023, establishing it as a significant platform for both the global and Japanese blockchain communities to convene…

Japanese Banking Giant MUFG to Deploy Stablecoins on Public Blockchains

[Jun 5, 2023 9:30 PM] Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan, announced its plans to deploy and distribute bank-backed stablecoins on different public blockchains. The Japanese bank has partnered with Datachain, a blockchain interoperability…

How regulators are mitigating the risk of extinction from AI: Law Decoded, May 29–June 5

[Jun 5, 2023 2:30 PM] There is no shortage of regulatory efforts to mitigate the negative impacts of artificial intelligence.

​​OpenAI gets warning from Japanese regulators on data collecting

[Jun 2, 2023 5:51 AM] Japanese privacy watchdog warned OpenAI about collection of sensitive data without permission or else further action will be taken.

Japan's Largest Airline Group ANA Launches NFT Marketplace

[Jun 1, 2023 1:53 PM] All Nippon Airways (ANA) is also working on a metaverse travel experience that will integrate passengers' flight histories into their digital avatars.

Japanese AI experts raise concern over bots trained on copyrighted material

[May 31, 2023 11:00 PM] Takashi Kii, the Member of the House of Representatives for 10 Wards of Fukuoka indicated that he is pushing for regulation to protect copyright holders from being infringed on by AI.

XDC Network gets Japanese foothold via partnership with SBI subsidiary

[May 31, 2023 2:10 AM] After a fruitful spring season, the XDC Network expands its presence in the Japanese market via SBI VC Trade.

Japan's largest airline launches NFT marketplace

[May 30, 2023 11:30 AM] The platform is part of Air Nippon Airways' ongoing expansion into the intersection of airlines and Web3.

BitFlyer adopts crypto deposit limits to comply with Travel Rule

[May 30, 2023 6:41 AM] While adopting restrictions on transactions between exchanges, bitFlyer still supports transactions to and from self-custody wallets like MetaMask.

Crypto Exchange bitFlyer Aligns Itself With FATF 'Travel Rule' With New Restrictions

[May 30, 2023 6:22 AM] The company is only allowing crypto and transfers to platforms that comply with Coinbase-led Travel Rule Universal Solution Technology (TRUST).

From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29

[May 29, 2023 1:30 PM] Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.

Binance kicks off transition to new platform in Japan

[May 27, 2023 11:08 AM] The move follows the acquisition of the regulated crypto exchange Sakura Exchange Bitcoin (SEBC) in November 2022.

Stablecoins Are the 'Glue' Between the Real Economy and Blockchain: Binance Japan General Manager

[May 26, 2023 6:53 AM] Tsuyoshi Chino added that Binance J.apan may be still "a long way off" its business and activities being properly understood in gaining regulatory acceptance

Crypto Exchange Coincheck's Nasdaq Listing Could Be Delayed Again

[May 25, 2023 5:24 AM] A merger with Thunder Bridge Capital may not be completed by a July 2 deadline, potentially causing a further year's delay.

Japan to Apply Tougher Crypto AML Regulations, ‘Travel Rule’ in June

[May 25, 2023 12:00 AM] Stricter anti-money laundering (AML) measures for the crypto sector in Japan will enter into force next month, local media reported. The new rules were adopted to align the country’s legal framework for cryptocurrencies with global standards in the…

Japan to Enforce Tougher Crypto Anti-Money Laundering Laws Next Month: Report

[May 24, 2023 4:50 AM] Earlier this month, global financial crimes watchdog FATF urged G-7 economies like Japan to lead by example to implement its controversial "travel rule" for crypto transfers.

Japan’s crypto Anti-Money Laundering measures to start in June: Report

[May 23, 2023 10:03 PM] The Japanese parliament has decided to roll out tougher AML procedures in line with the “travel rule.”

FATF President Urges G7 to Lead in Shutting Down ‘Lawless Crypto Space’

[May 19, 2023 2:30 PM] It is necessary to put an “end to the lawless crypto space,” according to the head of the Financial Action Task Force (FATF). G7 nations must set an example in implementing global standards on combating money laundering, the executive insisted, as…

Japan leads world in losses from North Korean crypto hacking with 30% of total: Report

[May 15, 2023 1:21 PM] An Elliptic report commissioned by Nikkei says Asian countries account for over 60% of losses to North Korean hackers and ransomware users; lax security played a role.

G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets

[May 15, 2023 10:46 AM] Group of 7 members met in Japan, where they discussed CBDCs and crypto regulation, with an eye toward quickly implementing the “Travel Rule” for crypto assets.