Tag Archives: japan

Story Highlights According to Teng, Japan has 11M cryptocurrency accounts in 2024. The FSA imposes tight requirements for crypto exchanges and AML compliance. New regulations seek to improve asset protection and stablecoin policies. Binance CEO Richard Teng appreciated Japan’s open and transparent style of regulating cryptocurrencies in his speech at the Global Financial Technology Network Forum in Japan. He claimed that the country had 11 million cryptocurrency accounts last year and...

Metaplanet has acquired an additional 156 Bitcoin (BTC) for approximately $13.4 million. The Japanese investment firm is also exploring a potential listing outside of Japan. Details From the Latest Buy CEO Simon Gerovich announced on X that the BTC was purchased at an average price of about $85,890 per BTC. The latest buy brings its total holdings to 2,391 BTC. The company reported a bitcoin yield of 31.8% for Q1 2025, following a 310% yield in Q4 2024. Last week, Metaplanet...

About The Book:Your Money and the World: How to Spend, Save, Donate and Invest Sustainably. Winner of the SKBI Prize for Sustainable Finance Literacy as part of the Money Awareness and Inclusion Awards (MAIA). Cecile Biccari, sustainable investment expert helps young readers understand how money works—and how spending, saving, donating and investing can change the world. Financial literacy is an important skill in life. At around the age of seven, children develop attitudes and beliefs about...

The leading crypto derivatives trading platform, Bybit, has outlined potential challenges awaiting the Japanese yen carry trade in 2025 as the Bank of Japan (BoJ) implements policy changes and faces evolving economic conditions. According to the report, the yen’s status as a primary funding currency in the foreign exchange (FX) market could be questioned in the coming months. The evolving Japanese financial landscape could see an increased risk of rapid unwinding in yen carry...

Japanese cryptocurrency exchange DMM Bitcoin will cease operations by March 2025 following a hack that resulted in losses exceeding $300 million. This decision follows months of recovery efforts that ultimately failed to restore the platform’s viability. DMM Bitcoin to Transfer All Assets to SBI VC Trade According to a report from Nikkei Asia, the exchange also plans to sell all its assets to SBI VC Trade, a trading company owned by the SBI Group. SBI VC Trade confirmed in a...

Goldbarren Foto CC0 Public Domain Der Goldschmuggel in Japan erlebt derzeit einen dramatischen Anstieg. Immer mehr Schmuggler setzen auf raffinierte Methoden, um das Edelmetall ins Land zu schleusen und dabei von den steuerlichen Vorteilen zu profitieren, die sich durch die unterschiedliche Behandlung von Gold im Ausland bieten. Der Schmuggel hat nicht nur wirtschaftliche Implikationen, sondern stellt auch eine wachsende Herausforderung für die...

Japan’s investment firm Metaplanet has increased its Bitcoin (BTC) holdings to over 1,000. This follows a recent purchase of 156.7 BTC for approximately 1.6 billion yen, or about $10.4 million. Metaplanet Shares Surge 7.18% Following Purchase The acquisition, announced on Monday in an X post, brings Metaplanet’s total Bitcoin reserves to 1,018 BTC, valued at an estimated $68.8 million. From July 1 to September 30, the firm also reported a BTC yield of 41.7%, which accelerated...

Yuichiro Tamaki, leader of Japan’s Democratic Party for the People (DPP), has proposed a crypto tax reform to support the growth of a token economy, including Web3 and NFTs if he wins the election. His plan would lower the taxation on crypto gains to a 20% separate declaration tax instead of treating them as miscellaneous income. Proposal for Lowering Crypto Taxes According to the campaign document, Tamaki suggested allowing losses to be carried forward for three years and...

Tokyo-listed Bitcoin holder Metaplanet has purchased an additional 108.786 Bitcoin for 1 billion yen, reflecting its ongoing bullish stance on the crypto asset. The latest stash is worth around $6.7 million. Metaplanet Expands Bitcoin Holdings According to the official statement released on Monday, Metaplanet – often referred to as Japan’s MicroStrategy – now holds 639.503 BTC, with a current market value of around $40.6 million. The firm disclosed that it acquired the...

Japanese crypto exchange bitFlyer announced that it has completed its acquisition of FTX Japan, making it a fully owned subsidiary. The deal, finalized on July 26, will have bitFlyer taking 100% ownership of FTX Japan’s outstanding shares. Crypto Custody Services In a Friday press release, bitFlyer detailed its plans to rebrand the newly acquired entity as “Custody New Company” by August 26, 2024. This new entity will focus on expanding bitFlyer’s crypto custody business,...