Japanese Banks to Test Stablecoins on ‘Japan Open Chain’

Japanese banks, local governments, and private companies will be involved in a stablecoin test using the 'Japan Open Chain.' The post Japanese Banks to Test Stablecoins on ‘Japan Open Chain’ appeared first on BeInCrypto.

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Japan's very own Metaverse is on the way, will accelerate Web3 adoption

Major Japanese companies are coming together for an open Metaverse. Japan is looking to incorporate Web3 technology into its national agenda  Many major Japanese technology, manufacturing, The post Japan's very own Metaverse is on the way, will accelerate Web3 adoption appeared first on AMBCrypto.

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Banzai! 10 Major Japanese Companies To Create ‘Japan Metaverse Economic Zone’

The metaverse is now the new frontier of the Land of the Rising Sun. Many of Japan’s largest technology firms have joined together to create an open environment for the production of virtual experiences; they name it the “Japan Metaverse Economic Zone” (JMEZ).

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Japan follows up on metaverse investment plans 

Ten Japanese companies have come together to create a metaverse economic zone five months after Prime Minister Fumio Kishida said Japan would expand investments in Metaverse and non-fungible tokens (NFTs).

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Tech companies enter agreement for ‘Japan Metaverse Economic Zone’

A group of prominent Japanese technology companies, including Fujitsu and Mitsubishi, came together in a new agreement to help advance the country’s metaverse sector.

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FTX Japan Re-Open Withdrawals After November Shut Down

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Sony and Astrar Network partner for web3 incubation

Sony Network Communications, a Japanese electronics powerhouse, has announced its new web3 incubation program in partnership with Japan's most popular blockchain, Astar Network. 

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DAOs And NFTs Can Support Cool Japan National Strategy

Japanese Prime Minister Fumio Kishida said that DAOs and NFTs can support Japan’s ‘Cool Japan’ national strategy. Kishida was addressing the Budget Committee in Japan’s House of Representatives on February 1 when he made these remarks.

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Japan’s Largest Pension Fund Bleeding Money as Global Economic Turmoil Seeps Deep

Coinspeaker Japan’s Largest Pension Fund Bleeding Money as Global Economic Turmoil Seeps Deep While the Japanese government’s pension fund, the largest in the world posted its losses, there are a number of global business outfits that are recording similar losses.

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Bankman-Fried’s FTX extends Japan and Europe subsidiaries bid deadline

FTX and authorities handling its bankruptcy case have extended the bid deadline day for auctioning the embattled exchange’s Japanese and European businesses to Mar. 8, 2023.

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Japanese prime minister says DAOs and NFTs help support government’s ‘Cool Japan’ strategy

Fumio Kishida said there were “various possibilities for using Web3” in Japan and has previously supported blockchain-based initiatives for authorities using digital solutions.

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Automotive Giant Toyota Explores Polkadot Project To Increase Business Efficiency

The Polkadot-based Astar Network recently announced the first web3 and blockchain hackathon sponsored by the Japanese Toyota Motor Corporation.  HAKUHODO KEY3 company, co-founded by Astar and HAKUHODO, one of Japan’s largest advertising companies, will host the web3 hackathon on February 25 this year.

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Coinbase faces another blow as it winds down most Japanese operations

Coinbase is winding down the majority of its operations in Japan. A few employees are being retained to ensure the safety of customer assets. American crypto exchange Coinbase Inc. will shutThe post Coinbase faces another blow as it winds down most Japanese operations appeared first on AMBCrypto.

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FTX’s Liquid Japan to start returning customer assets in 2023

Liquid Japan to start processing refunds from 2023. The exchange halted withdrawals in November 2022 following FTX's collapse. Liquid Japan, a Japanese crypto exchange owned by FTX, has reveThe post FTX’s Liquid Japan to start returning customer assets in 2023 appeared first on AMBCrypto.

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FTX to return Japanese customers’ assets next year

FTX Japan has finally disclosed plans to repay consumers, although there may be more bumps along the road.

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Crypto exchange Kraken set to leave Japan, thanks to these reasons

Crypto exchange Kraken has announced that it will exit the Japanese Market in January 2023.  The move comes two years after the exchange re-entered Japan in 2020.  San Francisco-based crypThe post Crypto exchange Kraken set to leave Japan, thanks to these reasons appeared first on AMBCrypto.

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Japan Plans On Easing Crypto Token Listings Despite FTX Crash

Japanese regulators have started to review and ease crypto regulations in the country. The cryptocurrency industry has been grappling in recent times and is trying to recover from FTX’s collapse, which has shaken the broader market severely.

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Crypto Exchange Kraken to End Japan Operations

Cryptocurrency exchange Kraken said it will exit the Japanese market and de-register from the Financial Services Agency (JFSA) as of Jan. 31, 2023.

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Japan to lift its ban on foreign stablecoins in 2023

Japanese regulators are reconsidering the usage of stablecoins like Tether USDT, and a feedback assessment is scheduled for December 26.

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Bitcoin Gains 2%, Stocks Drop as Bank of Japan Allows Benchmark Bond Yields to Rise

The BOJ unexpectedly lifted the cap on the 10-year Japanese government bond yield to 0.5% from 0.25%, finally ending the prolonged period of near-zero yields.

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Japan set to ease 30% crypto tax on paper profits for token issuers

As it stands, Japanese crypto issuers are required to pay a set 30% corporate tax rate on their holdings, even if they haven’t realized a profit through a sale.

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Japan’s major utility provider partners with local mining rig maker

TEPCO, a Japanese utility company behind the Fukushima nuclear reactor, partnered with local mining rig developer Triple-1 to offer its extra energy for mining.   In a recent announcement, TEPCO confirmed a partnership with Triple-1.

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Japanese Regulator Extends FTX Japan’s Suspension as Users Wait for Their Funds

The Financial Services Agency ordered that operations stay suspended for another three months.

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FTX reportedly gets 3 more months to stop all operations in Japan

Japanese authorities have postponed FTX Japan’s suspension deadline because the firm has so far failed to return assets from custody to creditors.

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FTX Japan to unfreeze withdrawals of client funds

Japanese users of failed crypto exchange FTX might soon be able to withdraw their funds as the Japanese subsidiary said it is working to make funds available to their customers. The post FTX Japan to unfreeze withdrawals of client funds appeared first on CryptoSlate.

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FTX Japan Plans to Restart Local Customer Withdrawals

FTX has approved its Japanese subsidiary's plan to restart withdrawals for customers.

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Binance Enters Japan With Acquisition of Regulated Crypto Exchange Sakura

Binance bought Sakura Exchange BitCoin (SEBC), a Japanese crypto exchange regulated by the country's Financial Services Agency (FSA), for an undisclosed amount.

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Japanese regulator might be going after DeFi projects

The Financial service agency of Japan has hinted it may be preparing to police DeFi as it is currently pointing the searchlight into Decentralized Finance Projects. Japanese regulator looking into DeFi The Japanese Financial Services Agency has announced intentions to…

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Digital Yen CBDC Trial Set to Rollout With Major Banks in 2023

The Bank of Japan will roll out a pilot program for its central bank digital currency project to three major Japanese banks in spring 2023. The post Digital Yen CBDC Trial Set to Rollout With Major Banks in 2023 appeared first on BeInCrypto.

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FTX Japan hopes to resume withdrawal for clients before year end

Senior executives at the Japanese subsidiary of the defunct FTX crypto exchange, FTX Japan, have said they look forward to resuming clients’ withdrawals before the year ends. This was made known at a press interview by an unnamed executive. He…

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FTX Japan Preparing to Allow Withdrawals by Year-End: Report

The Japanese arm of bankrupt crypto exchange FTX is preparing to resume customer withdrawals by the end of the year, according to a report by broadcaster NHK.

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FTX Japan Preparing to Allow Withdrawals by Year End: Report

The Japanese arm of bankrupt crypto exchange FTX is preparing to resume customer withdrawals by the end of the year, according to a report by broadcaster NHK.

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FTX Faces Trouble in Japan and Bahamas As Regulators Narrow Their Sights

Japanese authorities have asked FTX to suspend its operations. Authorities from The Bahamas have also frozen the exchange's assets. The post FTX Faces Trouble in Japan and Bahamas As Regulators Narrow Their Sights appeared first on BeInCrypto.

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Crypto Trading Set to Roll Out for Japanese Nomura Bank Institutional Clients in Early 2023

Japanese bank Nomura will offer institutional clients crypto trading in early 2023. The bank is one of Japan’s largest and launched a crypto unit earlier this year. The post Crypto Trading Set to Roll Out for Japanese Nomura Bank Institutional Clients in Early 2023 appeared first on BeInCrypto.

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The Japanese Digital Ministry Announces the Formation of Its Own DAO

The newly formed Digital Agency of Japan said that it would form its own decentralized autonomous organization (DAO) in order to better understand its apps before granting them legal status. The Web 3.0 Initiative Is in Charge of the Project…

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Japan Credit Bureau to Conduct Internal CBDC Tests for Settlements

The Japanese credit card company Japan Credit Bureau (JCB) will conduct an infrastructure experiment with a digital currency that mimics CBDC usage. The post Japan Credit Bureau to Conduct Internal CBDC Tests for Settlements appeared first on BeInCrypto.

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Japan Wants To Make It Easier For Exchanges To List Tokens

Crypto regulations in Japan have been a bit tough and inhibiting of late, but that’s about to change. The Japanese government is now considering loosening the harsh restrictions to let authorized crypto exchanges list coins in a more friendly regulatory environment.

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Japanese Crypto Self-Regulatory Body to Loosen Token Vetting Process: Report

Japan has been looking to gradually ease rules for crypto startups, with the government also considering corporate tax breaks for companies.

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Low Cap Cryptos May Find Home in Japanese Crypto Exchanges After New Regulations

Japan regulator will reportedly amend certain rules, making it simpler for exchanges to list new digital assets. The post Low Cap Cryptos May Find Home in Japanese Crypto Exchanges After New Regulations appeared first on BeInCrypto.

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Japanese regulators loosen crypto laws and make it easier to list coins

The Japan Virtual and Crypto Assets Exchange Association says it plans to make it easier for authorized exchanges to list digital currencies by loosening the screening process.

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North Korean Lazarus Group targets Japanese crypto firms

North Korean hacker group Lazarus has reportedly launched multiple cyber-attacks against Japanese crypto exchanges, according to Japan News. The post North Korean Lazarus Group targets Japanese crypto firms appeared first on CryptoSlate.

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Japan looks to amend crypto KYC rules

The Japanese government passed a cabinet decision to revise six foreign exchange laws to better combat money laundering on October 14. The post Japan looks to amend crypto KYC rules appeared first on CryptoSlate.

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Crypto Exchanges May Share Customer Info Following New Remittance Laws in Japan

The Japanese government will potentially establish a change to its remittance rules to include crypto exchanges having to share info about crypto customers and transactions. The post Crypto Exchanges May Share Customer Info Following New Remittance Laws in Japan appeared first on BeInCrypto.

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Breaking: Japan Reveals Plans to Accelerate NFT, Metaverse Investments

Japanese Prime Minister Fumio Kishida announced that accelerating NFT and Metaverse investment is major part of government's digital transformation plans

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Japanese Government to Include Metaverse and NFTs in Digital Transformation Plan

Fumio Kishida, Japan’s prime minister since 2021, has stated that the government will promote Web3 services, such as those involving nonfungible tokens, or NFTs, and the Metaverse. Fumio Kishida claims that as part of the Japanese government’s commitment to digital…

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Japanese prime minister says gov't investment in digital transformation will include Metaverse, NFTs

According to Fumio Kishida, the government of Japan's investment in digital transformation included issuing NFTs to local authorities using digital solutions.

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Cardano (ADA) to Start Trading on Japan's Bitbank Exchange

Yet another Japanese exchange is on track to add support for the Cardano (ADA) cryptocurrency

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Japan Crypto Rule Now Targets Money Laundering Issues

The Japanese government should introduce rules that target criminals using crypto from crypto exchanges to launder money. Reportedly, these remittance rules are supposed to be introduced by next springtime.

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Astar Network Joins Forces With 329 Japanese Top Brands To Promote Web3

Astar Network has hit another significant milestone, as its advertisement on Japan’s national newspaper Nikkei, has received the backing of 329 leading institutions and brands in the country, effectively setting a new world record.

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