Japan Cryptocurrency

Japan's Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the payments act is adequate, an official at the agency said, asking not to be identified in line with the institution’s rules.

In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.

Sony Bank has released an NFT app named ‘Connect’, aiming to let its customers hold, trade, and collect digital collectibles. While the app is not yet available in India, Google Play Store statistics show that the newly launched app has already surpassed a thousand downloads.

Sony Group is set to enhance its product and service offerings by integrating crypto-centric features. This initiative includes a revamped UI screen design and the launch of a new app aimed at delivering a more user-friendly experience.

The Financial Innovation and Technology for the 21st Century Act (FIT21) has been approved by the US House of Representatives. With this, the US has finally joined the list of nations alongside India, Japan, and South Korea among others -- that are working on bringing the volatile and exploitable digital assets sector under regulatory oversight.

Casio has launched an NFT series with eight digital art pieces that have been created in partnership with Astar zkEVM. Banking on Japan’s gaming culture, Casio’s NFTs will be made available on Astar’s Yogi Origin game.

The Academy of Blockchain and AI Innovation (ABAII) was recently launched in Vietnam to educate tech students on the potential use cases of blockchain and AI in sectors like banking, data analysis, as well as digital economy and finance. Vietnam is ramping up efforts to join other Asian nations like India, Japan, China, and South Korea in exploring...

India’s Bharat Web3 Association (BWA) has struck a partnership deal with the Japan ANICANA Dealers Association (JADA) will now work together to foray deeper into Web3-related research and development.

Japan’s Government Pension Investment Fund (GPIF) is considering diversifying investment portfolios. The organisation is launching a research programme to study other potential investment assets like farmland, gold, Bitcoin among others.

Kazuo Ueda, the governor of the Bank of Japan (BoJ) has backed the emergence of a national CBDC saying that it could facilitate faster payments of bigger denominations among noting other potential benefits.

The RBI managed to see transactions worth Rs. 5.70 crore processed via the eRupee CBDC during the first four months of retail trials. The information comes just days after the RBI told the media that the eRupee CBDC is to be loaded with features supporting features for offline payments and programmability.

Mercari is planning to open Bitcoin payments in the coming months. The Tokyo-based e-commerce giant is reportedly expected to accept payments in Bitcoin while selling items in Japan’s fiat currency, the yen.

Zep, which is a South Korean metaverse platform, has selected Near Protocol to create metaverse ecosystems to increase userbase. As part of their partnership, Near Protocol and Zep are looking to develop Web3 features that would not only make the metaverse experience more immersive for end users, but also assist developers in regard to the convenie...

Bitget crypto trading platform has decided to infuse $10 million (roughly Rs. 83 crore) over the term of the next five years into startups. Crypto projects applying for this funding must be based in India and display a working minimal-viable product of a real use-case value.

In partnership with eco-friendly blockchain Polygon, Casio is set to launch a collection of 15,000 free-to-mint G-Shock Creator Pass NFTs on September 23. The 15,000 creator pass NFTs will be made available in Japan, India, the US, Germany, Italy, and Netherlands among other nations.

Japan's Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the payments act is adequate, an official at the agency said, asking not to be identified in line with the institution’s rules.

In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.

Sony Bank has released an NFT app named ‘Connect’, aiming to let its customers hold, trade, and collect digital collectibles. While the app is not yet available in India, Google Play Store statistics show that the newly launched app has already surpassed a thousand downloads.

Sony Group is set to enhance its product and service offerings by integrating crypto-centric features. This initiative includes a revamped UI screen design and the launch of a new app aimed at delivering a more user-friendly experience.

The Financial Innovation and Technology for the 21st Century Act (FIT21) has been approved by the US House of Representatives. With this, the US has finally joined the list of nations alongside India, Japan, and South Korea among others -- that are working on bringing the volatile and exploitable digital assets sector under regulatory oversight.

Casio has launched an NFT series with eight digital art pieces that have been created in partnership with Astar zkEVM. Banking on Japan’s gaming culture, Casio’s NFTs will be made available on Astar’s Yogi Origin game.

The Academy of Blockchain and AI Innovation (ABAII) was recently launched in Vietnam to educate tech students on the potential use cases of blockchain and AI in sectors like banking, data analysis, as well as digital economy and finance. Vietnam is ramping up efforts to join other Asian nations like India, Japan, China, and South Korea in exploring...

India’s Bharat Web3 Association (BWA) has struck a partnership deal with the Japan ANICANA Dealers Association (JADA) will now work together to foray deeper into Web3-related research and development.

Japan’s Government Pension Investment Fund (GPIF) is considering diversifying investment portfolios. The organisation is launching a research programme to study other potential investment assets like farmland, gold, Bitcoin among others.

Kazuo Ueda, the governor of the Bank of Japan (BoJ) has backed the emergence of a national CBDC saying that it could facilitate faster payments of bigger denominations among noting other potential benefits.

The RBI managed to see transactions worth Rs. 5.70 crore processed via the eRupee CBDC during the first four months of retail trials. The information comes just days after the RBI told the media that the eRupee CBDC is to be loaded with features supporting features for offline payments and programmability.

Mercari is planning to open Bitcoin payments in the coming months. The Tokyo-based e-commerce giant is reportedly expected to accept payments in Bitcoin while selling items in Japan’s fiat currency, the yen.

Zep, which is a South Korean metaverse platform, has selected Near Protocol to create metaverse ecosystems to increase userbase. As part of their partnership, Near Protocol and Zep are looking to develop Web3 features that would not only make the metaverse experience more immersive for end users, but also assist developers in regard to the convenie...

Bitget crypto trading platform has decided to infuse $10 million (roughly Rs. 83 crore) over the term of the next five years into startups. Crypto projects applying for this funding must be based in India and display a working minimal-viable product of a real use-case value.

In partnership with eco-friendly blockchain Polygon, Casio is set to launch a collection of 15,000 free-to-mint G-Shock Creator Pass NFTs on September 23. The 15,000 creator pass NFTs will be made available in Japan, India, the US, Germany, Italy, and Netherlands among other nations.