Tag Archives: japan

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...

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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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...

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?...

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...

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...

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...

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...

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...