Tag Archives: japan

Eastern Asia ranks as the fifth most active crypto market, contributing 8.8% of global digital asset activity between July 2022 and June 2023. Its decline over the last few years has been notable – largely propelled by the big blow to the Chinese trading activity and mining sector. Chainlysis’ latest analysis signals a potential tailwind for the region East Asia owing to Hong Kong’s crypto initiatives and industry-friendly regulations that have been launched over the past...

The Japanese automobile manufacturer Honda has jumped into the cryptocurrency bandwagon by embracing several digital assets as payment options.  Interestingly, Ripple’s native token – XRP, and the popular memecoin Shiba Inu (SHIB) are among the supported ones. ‘Drive Into the Future’ With Crypto The Tokyo-based manufacturer of automobiles, motorcycles, and power equipment – Honda Motor Co. – partnered with the blockchain payment system FCF Pay to allow clients to lease or...

Frau Watanabe ist eine Personifizierung der japanischen Hausfrauen-Spekulanten, die stark genug sind, um die internationalen Märkte, insbesondere die Devisenmärkte, zu beeinflussen. Inzwischen hat sich der Begriff auf Kleinanleger im Allgemeinen erweitert. Die Figur „Mrs. Watanabe“ ist in der Welt der internationalen Finanzmärkte kein Unbekannter. Aber wer ist Mrs. Watanabe genau? Warum ist dieser Name so symbolisch? Und welche Rolle spielt sie in...

The Japanese cryptocurrency exchange GMO Coin, which operates under the umbrella of the IT giant GMO Internet Group, vowed to distribute SGB tokens to certain XRP investors by the end of this month. In the following lines, we will outline the exact amount of distribution each investor should expect, as well as other essential details of the initiative. More Clarity on the Handouts According to a recent coverage, each eligible XRP investor will receive the yen equivalent of...

GMO Coin – a cryptocurrency exchange operating under the umbrella of the Japanese IT behemoth GMO Internet Group – will distribute Songbird (SGB) tokens to eligible XRP users. The airdrop is scheduled to reach customers by September 29, 2023. Benefiting XRP Owners The Japanese organization explained that the offering will reach those clients who have held amounts of Ripple’s native token in GMO Coin accounts after December 12, 2020. “Customers using crypto asset lending...

Japan just established a whole new level of clarity to its crypto tax agenda. Up to this point, all unrealized gains from crypto assets were subjected to the country’s present 30 percent corporate tax rate, though now, it appears this is coming to an end. Japan is Putting an End to Some Crypto Taxation The news came from Japan’s National Tax Agency (NTA). The agency explained in a statement that crypto assets will be excluded from any company’s asset valuation...

The world’s largest cryptocurrency exchange – Binance – will purportedly launch services on its new platform in Japan next month.  The firm pulled out of the Land of the Rising Sun in 2018 after having a major dispute with the local regulators.  Binance’s CEO – Changpeng Zhao (CZ) – has supposedly confirmed the news in a video conference in Tokyo on July 25 (as seen by Bloomberg). The exchange previously announced that it will start operating on the Japanese market after June...

Mitsubishi UFJ Financial Group (MUFG) – the largest finance institution in Japan – is reportedly considering issuing global stablecoins via its blockchain platform.  The bank has previously revealed plans to introduce such tokens tied to the value of the Japanese yen.  MUFG’s New Crypto Idea As reported by Bloomberg, the entity is in talks with industry leaders and other companies on minting stablecoins pegged to foreign currencies, such as the US dollar. To do so, it intends...

The world’s largest cryptocurrency exchange – Binance – aims to begin operating on the Japanese market after June this year.  This will mark the company’s return to the Land of the Rising Sun after leaving in 2018 due to regulatory issues.  Sakura Exchange BitCoin (SEBC) announced that Binance Japan will start providing services and products to local customers after June 2023.  The crypto giant acquired SEBC in November last year for an undisclosed sum to strengthen its...

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