Japan is reportedly set to review its cryptocurrency regulations, potentially reducing taxes on digital assets. The Financial Services Agency (FSA) plans to assess whether current crypto regulations under the payments act provide sufficient investor protection. The review may lead to reclassifying crypto as financial instruments under Japan’s investment law, which could enhance safeguards and bring…
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A consortium of Japanese firms is set to launch a yen-based digital currency, “DCJPY,” by July 2024, that will be used in transaction and settlement of clean energy certificates. Cryptocurrency exchange DeCurret revealed the issuance of a new digital currency today that will be used by various Japan-based firms for clean energy transactions…. Read More:…
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Several Japanese tech and finance giants have signed a document to create the Japan Metaverse Economic Zone, a multipurpose virtual universe that will have its base in a platform called Ryugukoku. The virtual world will allow these companies to share their technology with users as it lets them roam this role-playing-game-like world as online avatars.…
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The Japanese financial behemoth the Mitsubishi UFJ Financial Group is set to create a wallet that will be capable of storing and making use of “blockchain-powered digital assets” and NFTs – although its primary goal appears to be the securities tokens market. Also, the financial giant announced that it has “begun preparing to suspend…
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