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Tag Archives: japan

Kraken Is Leaving Japan, Laying Off Several Employees

Popular digital currency exchange Kraken has announced it is closing its Japan branch this month and laying off all its employees in the Land of the Rising Sun. Kraken Is Stepping Away from Japan The Japanese division of Kraken is called Payward Asia. In a recent blog post, the company mentioned that it’s going to be ceasing all its crypto trading services as of January 31, 2023. This will mark the second time Kraken has left the Japanese market, the first taking place...

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Crypto Exchanges Should be Supervised as Banks, Urges Japan’s Financial Regulator

Mamoru Yanase – Deputy Director-General of Japan’s Financial Services Agency (FSA) – urged global watchdogs to impose tougher regulations on the cryptocurrency industry. He believes digital asset exchanges should be treated the same way as banks. It’s All Because of FTX According to Yanase, one way to prevent another collapse of a cryptocurrency platform is if regulators treat such entities as traditional financial institutions. The Japanese referred to the demise of FTX,...

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FTX Japan Reveals When it Will Resume Withdrawals

FTX Japan, the Japanese division of the bankrupt crypto exchange, plans to re-enable customers’ withdrawals in mid-February next year after suspending the service last month due to the bankruptcy filing of its parent company. FTX Japan earlier pledged to build a new system different from the one used by its parent company to enable customers to access their funds on the platform. FTX Japan Collaborates With Liquid to Repay Customers  According to a recent update, the exchange...

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Japan to Enforce Less Stringent Crypto Tax Rules

The Japanese government greenlighted a bill to exempt local cryptocurrency issuers from paying corporate tax on their holdings. The ruling body currently requires such firms to pay 30% on their ownings even if they haven’t gained profits through a sale. Japan’s ruling political party – The Liberal Democratic Party – aims to ease corporate tax legislation for domestic crypto issuers and thus stimulate such entities to operate in their homeland. Akihisa Shiozaki – an LDP...

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FTX Japan Has Until March 2023 to Cease All Operations (Report)

The Japanese authorities reportedly extended the business suspension order to FTX Japan until March 9, 2023. Initially, the company had to cease all services on December 9. According to recent coverage, the Kanto Local Finance Bureau will grant FTX Japan three more months before halting all its activities. The final date has moved from December 9, 2022, to March 9, 2023, because the company still struggles to return assets to customers. The authorities further claimed that...

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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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