Web3
Web3 part of a ‘new capitalism’ says Japan PM Kishida
Japanese Prime Minister's commitment to Web3 signifies new capitalism and the future of the digital economy
Liam 'Akiba' Wright 2 min read
Japan News
News on licensing, investor protection, CBDC research, and Japan’s maturing crypto markets.
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Top Japan Stories
Adoption
Circle targets APAC’s 74% USD trade invoicing for digital dollar growth
Circle's USDC seeks to transform Asia's financial infrastructure, leveraging the USD's dominance in trade invoicing.
Macro
Central bankers warn of further rate hikes at ECB Forum
The central bankers were vocal about the need for further rate hikes to bring inflation down to the 2% target, despite the risk of economic downturn.
Latest Japan Crypto News & Analysis
Regulation
Asia is a ‘huge area of focus’ for Circle, especially Hong Kong: CEO Jeremy Allaire
Allaire said that the developments in Hong Kong might reflect how the crypto market grows in Greater China.
Legal
Japan’s token issuers are now exempt from corporate tax on unrealized gains
The tax break is welcome news for Japan's crypto firms, who still have to pay taxes on paper gains for tokens issued by other firms.
Exchanges
Japan’s crypto exchanges push for relaxed margin trading rules to attract new investors
The exchanges argue that the move would make Japan more attractive for crypto and blockchain companies.
AI
Japanese regulators warn OpenAI against collecting sensitive data
Japan's Personal Information Protection Commission has cautioned OpenAI against collecting data without consent.
Crime
North Korean hackers steal $497M in crypto from US businesses
Since 2017, the North Korea-backed hackers stole $721 million from Japan — equating to 30% of their illicit wealth.
Bankruptcy
FTX confirms plans to restart its Japanese exchange
FTX wants the court to approve a Key Employee Incentive Plan (KEIP) for seven employees who are critical for its Japanese subsidiary.
