Regulators in Japan urge global policymakers to treat digital currencies like banks
Mamoru Yanase's arguments are coming following the collapses of high-profile firms in the industry like FTX, Three Arrows Capital (3AC), and Celsius.
Latest Japan News
Coinbase quits Japan after less than two years
The exchange, which opened in Japan less than two years ago, is giving local customers until February 16 to withdraw all assets from platform wallets, including fiat currency.
FTX Japan to allow withdrawals from February
FTX Japan and Liquid Japan customers will be able to regain access to their accounts in mid-January and will get to withdraw their funds a month later.
North Korean hackers targeting Japanese financial firms with new malware
Working similarly with other hacking gangs, BlueNoroff uses fake websites and mimics popular VC firms and financial institutions to scam victims in Europe and the Far East, particularly in Japan.
Japan moving away from stablecoin restrictions in the new year
Japan is dead set on lifting the ban on stablecoins, with authorities gathering feedback on easing restrictions, opening a pathway for seamless stablecoin trading.
Japan plans to reduce tax burden for digital asset issuers
Currently, Japan imposes a 30% tax on digital asset service providers holding unrealized gains from their assets—a move widely criticized for stifling innovation.
Japan: Lawmaker slams regulators for approving FTT listing on local exchanges
Akihisa Shiozaki, a Japanese lawmaker, noted that the failure to conduct due diligence led to losses of thousands of Japanese investors as the FTT token's value tumbled overnight.
FTX Japan granted 3-month extension on its business suspension
FTX Japan had been ordered to shut down its services, but an FSA extension pushes this to March as customers continue to wait for their funds.
Line’s BITFRONT shuts down operations, focuses on blockchain and LINK token
The exchange blamed the decision on the prolonged “crypto winter” plaguing the digital asset industry since the second quarter of the year.
Binance backs into Japan, backs away from UK court ruling
Binance is making a backdoor move into Japan while its botched attempt to make a similar move into the U.K. isn’t stopping local courts from putting the digital asset exchange in the hotseat.
Bank of Japan to issue experimental digital yen in 2023
The central bank stated that the pilot would be conducted with a trio of mega banks and regional banks with a keen focus on the issuance and withdrawals of the state-backed digital currency.
FTX Japan plans to resume operations by January
FTX Japan halted withdrawals amid the collapse and bankruptcy filing of SBF’s FTX empire, with Japan’s regulator, FSA, ordering it to suspend operations.