The Tokyo District Court grants permission to bankrupt Mt. Gox to extend the deadline for submitting creditors' repayment details until October 31, 2024, dragging the saga to its 10th year.
Startups in Japan are now allowed to issue digital assets, including digital currency tokens, as the country aims for a $72 billion annual startup funding goal by 2027.
The proposed tax revision includes the elimination of year-end "unrealized gains" on digital assets, which Japan's FSA said would help promote a more favorable environment for Web3 technology.
Japanese firm Soramitsu plans a cross-border payment platform using stablecoins and CBDCs, targeting transactions across countries in Southeast Asia.
Fumio Kishida spoke at the WebX Conference where he pledged his government’s support for Web3, which he believes can transform the internet framework in Japan.
Binance has until July 27 to file its response to the CFTC suit, but the exchange is asking the court for permission to exceed the 15-page limit for such responses.
Despite the exit of popular digital exchanges from Japan, industry stakeholders argue that the country is setting the pace for healthy digital currency regulation in other nations globally.
While the European Union and Japan have pledged to work together on AI, the latter wants to emulate United States’s soft approach to foster the progress of the local AI industry.
Sony Network director Jun Watanabe will assume the role of an executive director at Startale Labs to encourage a seamless integration between both entities.
The draft regulations ban using AI for examinations, requiring teachers to educate pupils on the “tendencies and limitations” of the technology; it is also limited in artistic fields.
Under the old tax rules, companies that issued and held their own digital tokens in Japan were subjected to 30-35% taxation on value gains if those tokens were listed on an open trading market.
Fujitsu states it will explore other applications for its blockchain-based project across multiple sectors, including distribution and manufacturing.
