Category: Japan
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Japanese Lawmaker Proposes 4 Tax Cuts for Crypto Users and Traders
A Japanese lawmaker has proposed four changes to Japan’s tax law to benefit crypto users and traders as well as widen the adoption of cryptocurrency in the country. The current tax rate of 55 percent could be lowered to 20 percent while crypto-to-crypto trading and small payments could be exempt from taxation. Also read: Indian Supreme…
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Japan’s Money Forward Announces Details of Upcoming Crypto Exchange
Japanese public company Money Forward, operator of a personal budgeting app with 7 million users, is preparing to launch a crypto exchange. Three cryptocurrencies will be supported. A representative of the company has shared some details with news.Bitcoin.com about the platform and the company’s future crypto projects. Also read: Indian Supreme Court Moves Crypto Hearing, Community…
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PR: Midex Launches EU Regulated Crypto to Fiat Exchange
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Midex, an international company with HQs in Estonia and representatives…
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Japan Unveils Plans to Regulate Initial Coin Offerings
Japan’s Financial Services Agency has held several meetings to discuss how to best regulate initial coin offerings. In addition to registration requirements, the regulator reportedly plans to amend two existing laws that can be applied to token sales. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Registrations and Law Changes The…
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Japanese Cryptocurrency Exchange to Relaunch as Part of Huobi After Buyout
A regulated Japanese cryptocurrency exchange is shutting down to relaunch as part of the Huobi family. The new exchange will support six cryptocurrencies and 11 trading pairs. Existing Bittrade customers need to open new accounts, complete KYC verification, and transfer their assets to the new platform. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls…
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Philippine Crypto Valley to Attract Companies From Japan, Korea and Australia
The Philippine government-owned Cagayan Economic Zone Authority has unveiled a plan to attract Japanese, Korean and Australian companies to its “Crypto Valley of Asia.” The authority is also cracking down on crypto companies operating within its economic zone without a license. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Ceza’s Crypto…
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Fisco Completes Takeover of Japanese Cryptocurrency Exchange Zaif
Regulated Japanese cryptocurrency exchange Zaif has completed its business transfer. Fisco Cryptocurrency Exchange is its new operator, taking over from Tech Bureau. This follows Zaif’s September hack, which cost the exchange approximately $62 million in three different cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space One Operator, Two Separate Exchanges Osaka-based Tech Bureau…
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Trial Begins: Bitcoin Exchange Accused of Wrongfully Reversing Trades
The trial over alleged wrongful reversals of seven bitcoin trades that occurred last year has reportedly begun in Singapore. Cryptocurrency exchange Quoine has been sued by a market maker. The plaintiff is seeking to recover 3,085 BTC from the exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Plaintiff Seeks 3,085 BTC The trial…
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ECB Official Decries Bitcoin as ‘Evil Spawn’ of Financial Crisis, Ripple Consolidates Lawsuits
In recent regulatory news, an executive board member of the European Central Bank (ECB) has given a dismissive appraisal of bitcoin and rejected the prospect of central banks issuing state-backed digital currencies in the foreseeable future. In other news, Ripple Labs has moved to consolidate three lawsuits into a single federal suit, while the police…
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Japanese Regulator Unveils Plan to Regulate Cryptocurrency Wallet Services
Japan’s top financial regulator, the Financial Services Agency, has unveiled a plan to regulate cryptocurrency wallet services. The regulator has put forward a number of regulatory measures as well as proposing how to implement them. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space The Plan The Financial Services Agency (FSA) held its ninth cryptocurrency…