Japan Financial News

08.06 / 13:39

Blockchain Gaming Asia Japanese VC Firm Mistletoe Strengthens Crypto Focus, Says Web3 Will Spread to All Industries

The Japanese venture capital firm Mistletoe is strengthening its focus on the crypto industry amidst the market downturn, arguing that Web3 will “spread to all industry segments” in the future, just like the Internet has done.

08.06 / 13:25

Stablecoin crypto market Stablecoin Bill Japan passes landmark stablecoin bill. Will the crypto confidence be restored?

The parliament of Japan passed the bill on Friday, giving investors a cushion after multi-billion dollars were wiped out from their pockets. Japan is one of the first major economies to pass specific laws over cryptos, stablecoins in particular. However, the legislation will come into effect after a year.

08.06 / 11:56

Altcoins regulation Trading Japanese Crypto Exchanges Want to Ditch Restricting Token Listing Protocols

Japanese crypto exchanges appear determined to take advantage of favorable political winds and expand the range of coins they trade on their platforms – although the national financial regulator has indicated that it will not let them have the final say on the matter.

08.06 / 10:41

Digital Action Mobile Will a new Japanese law allow seizure of your crypto?

According to reports, Japan’s Justice Ministry is considering revising an asset seizure statute connected to organized crime. This is expected to include a provision allowing crypto to be hijacked in such cases.

08.06 / 07:09

Crypto Conversations: The importance of crypto synthetic assets

A synthetic asset is a tokenized blockchain-based derivative of an underlying asset. Also referred to as synths, synthetic assets can be described as a combination of traditional derivative assets and cryptocurrencies.

07.06 / 14:23

debate Japan’s Debt Debate: Is It Heading for a Titanic Crash?

TOKYO—When Japan’s leader released his economic vision Tuesday, he left out an important date.

07.06 / 13:01

New York State Terraform Labs Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea

The “long waves” of TerraUSD’s May 7 collapse, which we noted two newsletters ago, are extending even further. Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region.

07.06 / 08:53

Stablecoin regulation Money laundering New Japanese law may allow seizure of stolen crypto

Japan’s Justice Ministry is reportedly considering a revision of an asset seizure law relating to organized crime to include a stipulation that crypto can be commandeered in such instances.

07.06 / 04:49

Ethereum Accenture Research Bitcoin Half of Asia's affluent investors have crypto in their portfolio: Report

Affluent investors in Asia are neither shy nor ignorant about crypto, with research revealing that 52% of them held some form of a digital asset during Q1 2022.

07.06 / 03:09

Crime regulation Police Power Japanese Justice Ministry Wants Law Enforcers to Have Power to Seize Crypto

Japan’s Ministry of Justice wants to give courts and police officers the power to seize cryptoassets in criminal cases – and could allow the state to take control of tokens that have been used in money laundering operations.

06.06 / 15:27

economics Federal Reserve Central Bank Reserve Dollar Dominance and the Rise of Nontraditional Reserve Currencies

Serkan Arslanalpis Deputy Division Chief in the Balance of Payments Division of the International Monetary Fund (IMF)’s Statistics Department; Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California;Chima Simpson-Bell is an Economist in the IMF’s African Department._______

04.06 / 11:49

business Blockchain investigation Investigations South Korea ramps up crypto investigations and regulations

On Friday, June 3, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC), both of which are government institutions.

03.06 / 22:15

markets Waves Stablecoin Terra Usd crypto market cap Total crypto market cap risks a dip below $1 trillion if these 3 metrics don’t improve

The total crypto market capitalization has ranged from $1.19 trillion to $1.36 trillion for the past 23 days, which is a relatively tight 13% range. During the same time, Bitcoin’s (BTC) 3.5% and Ether’s (ETH) 1.6% gains for the week are far from encouraging.

03.06 / 14:39

Digital Tether Racing Align Post the Terra UST fiasco, here’s how Japan plans to protect crypto investors

The crypto market underwent a massive correction period, the aftereffects even experienced till today. The largest decentralized stablecoin on the market (once upon a time), UST, faced a total collapse. Investors, traders and users lost a significant chunk of the value of their investments amidst the crypto crash which triggered a sell-off in the market.

03.06 / 14:01

business Law Stablecoin Terra Usd Japan passes bill to limit stablecoin issuance to banks and trust companies

Japan is moving forward with legislation regarding the issuance of stablecoins i.e. digital assets with their value pegged to fiat currencies or stabilized by an algorithm.

03.06 / 12:35

Stablecoin regulation FTX Japanese Parliament Green-lights Stablecoin Legislation, FTX Makes Official Japanese Debut

Japan’s upper parliamentary house, the House of Councillors, has approved a legal amendment that will police stablecoin issuance and ensure that only regulated companies are allowed to issue cryptoassets.

03.06 / 08:31

business Dubai Crypto.com gets nod in Dubai and FTX launches in Japan

Two out of the top 10 largest cryptocurrency exchanges by volume will expand into new markets, with Crypto.com obtaining a provisional crypto license in Dubai and FTX launching in Japan.

01.06 / 16:57

Ethereum Survey Square Bitcoin NOT 40% of Surveyed Lower-income Individuals Want to Use Bitcoin - Not to Make Money

A report from Jack Dorsey’s Block, Inc. (formerly Square) has concluded that bitcoin (BTC) will play an increasingly large role in the payment and remittance sectors – and that the more people’s peers own BTC, the more likely they are to invest.

01.06 / 13:59

BLOCK Ball Web3 Projects Japan's Akatsuki Raises $20m Fund for Investing in Web3 Projects

Japan's Akatsuki announced that it has raised a $20 million fund for investing in web3 projects, according to The Block.

31.05 / 18:49

NFT Nike Nike sold an NFT sneaker for $134,000

It was only a matter of time before the two hypebeast markets collided. In April, Nike released its first collection of virtual sneakers, called Cryptokicks, which comprised 20,000 NFTs, including one designed by artist Takashi Murakami that was bought by someone named AliSajwani for $134,000.

31.05 / 03:07

Adoption regulation Tax reform open Japan’s Prime Minister Reportedly Open to Idea of Crypto Tax Reform

The Japanese Prime Minister Fumio Kishida has indicated that he may be open to reforming the nation’s much-maligned crypto tax laws in a bid to spark Web3-related growth.

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