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Tag Archives: japan

FTX Japan to Enable Customer Withdrawals Before the End of 2022 (Report)

Despite the ultimate crash of FTX, the Japanese subsidiary of the company reportedly plans to allow client withdrawals by the year’s end. The fiasco of Sam Bankman-Fried’s exchange became one of the major events in crypto’s history. Once valued at approximately $32 billion, it recently failed to honor users’ withdrawal requests and reported severe liquidity issues. FTX filed for bankruptcy a few days later to “develop a process to maximize recoveries.” FTX Japan With a...

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Japan’s Largest Telecom Company NTT to Invest $4 Billion in Web3

The leading Japanese mobile phone operator – NTT Docomo – joined forces with Accenture to invest between 500 and 600 billion yen (up to $4 billion) in the next iteration of Internet technology – Web3. The partners will also provide training courses for those interested in the field, including business leaders and engineers. Entering the Web3 Space According to a recent press release, NTT Docomo and Accenture will focus on three main points: addressing ESG issues, establishing...

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Liquid: 5 Gründe warum diese japanische Bitcoin-Börse die beste der Welt ist

Vor Jahr und Tag waren derartig professionelle Plattformen den Börsen-Cracks auf den Banken vorbehalten. Dank Bitcoin-Börsen wie Liquid steht professionelles Trading allen offen. Kryptohändler, die erfolgreich handeln möchten, verlassen sich auf Liquid. Was ist denn das? Das ist eine spezielle, noch wenig bekannte Krypto-Börse. Wer nutzt diese? Diejenigen, die Kryptowährungen professionell kaufen und verkaufen möchten. Wie ist Liquid entstanden?...

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Japanese Mayors Awarded With NFTs for Excelling at Usage of Digital Technology

The Japanese government is handing out non-fungible tokens (NFTs) as a supplementary award to local authorities that excelled in utilizing digital technology to solve local issues as well as fostering the digital economy. A total of seven mayors received NFT awards for various initiatives. As per the report from CoinPost, the tokens, which were distributed at the “Summer Digi Denkoshien 2022” ceremony, essentially represent “digital certificates” of achievement. The award...

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Japan proposes to take a break from crypto taxation

Japan is struggling with bizarrely high crypto taxes. Individual crypto-holders have to pay up to 55% tax over their profits, and companies pay around 30%. For both groups, something may now change. 55% for retail, 30% for corporates Japanese crypto investors are still at it. Nothing has changed yet about the bizarrely high 55% tax, despite the fact that crypto-lobby groups like the Japan Crypto-Asset Business Association (JBCA) and the Japan...

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Sumitomo Mitsui Trust to Establlish a Crypto Firm Targeting Instiutional Clients

Sumitomo Mitsui Trust – one of the largest asset managers in Asia – will tap Tokyo-based crypto exchange Bitbank to set up a company offering digital asset services to institutional clients this year. The newly created firm will hold cryptocurrencies and Non-Fungible Tokens (NFTs) for “large investors and corporations.” Sumitomo Mitsui Trust Focused on Security Issues Sumitomo Mitsui Trust’s latest crypto partner Bitbank reportedly ranked as the third-largest crypto exchange...

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Japan’s Central Bank Will Test Digital Yen Cautiously

Over the past years, developed and developing countries have shown a growing interest in central bank digital currency (CBDC). The Bank of Japan has recently announced a cautious approach to the digital Yen, stating that its developmental trajectory will follow similar steps as Sweden did. The final decision on whether to issue CBDC is likely to be made by 2026, BOJ revealed. No Large-scale Pilot Tests Like China BOJ considers the framework of its CBDC closely tied to the...

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Japanese Messaging App Giant Line Launches NFT Marketplace

Japan’s most popular social media application – Line – released a non-fungible token marketplace called Line NFT. Even though the company provides its services in numerous countries in Asia, the opportunity will first be available only to Japanese users. Japan’s Top Social Media Goes Into NFTs LVC Corporation (LVC) – the operator of Line’s blockchain divisions – launched Line NFT marketplace, allowing 90 million Japanese users to buy and sell approximately 40,000 non-fungible...

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Kakao Piccoma Acquires the Japanese Crypto Platform Sakura Exchange Bitcoin (Report)

Kakao Piccoma – a Japanese subsidiary of South Korea’s mobile app operator Kakao Corporation – reportedly acquired a controlling stake in the crypto platform Sakura Exchange Bitcoin. Through this move, Kakao intends to utilize blockchain technology and Web3 in its future operations. According to a recent report by Business Korea, Kakao Piccoma purchased more than 50% stake in Sakura Exchange Bitcoin, becoming its largest shareholder. Nevertheless, the exact size of the deal...

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