Japan looking at ways to simplify crypto tax filings: report
This week, reports surfaced that Japan's Tax Commission is considering how to simplify the current tax filing system to include cryptocurrency.
Latest Japan News
Kansai Electric leads study on blockchain use in distributed electric supply
Four major companies in Japan, led by Kansai Electric Power Co. (Kepco), are coming together to conduct a research on how to harness the power of blockchain technology for distributed electricity supply.
Embattled crypto exchange Zaif lays out plan for customer financial support
The embattled Japanese cryptocurrency exchange Zaif has published its plan for customer financial support, in the wake of a hack that cost the firm losses of up to JPY6.7 billion ($59.7 million).
Zaif exchange no longer accepting new customers
The parent company of Japanese cryptocurrency exchange Zaif, Tech Bureau, has announced that it is temporarily halting new accounts on the exchange.
Zaif hack victims still haven’t been paid
Three weeks after the hack happened, the clients of Japanese cryptocurrency exchange Zaif are still waiting for their money – even though it has allegedly already made arrangements to have the funds available.
JVCEA to tighten crypto storage regulations in Japan
According to report, Japan Virtual Currency Exchange Association (JVCEA) will establish a ceiling for the amount of digital currencies allowed to be managed online by any of the country’s crypto exchanges.
Business improvement order given to Japan’s Zaif exchange over hack
Japan's Ministry of Finance (MoF) has slapped Zaif cryptocurrency exchange’s owner, Tech Bureau, with a business improvement order, a type of admonishment that carries serious penalties.
Africa’s BitPesa, Japan’s SBI Remit team up for cross-border payments
The partnership will see the two companies utilizing blockchain technology to make it easier for Africans to buy Japanese products. With the help of blockchain, BitPesa and SBI Remit expect to get rid of challenges accompanying the transfer of funds between African traders and Japanese exporters.
Crypto theft cases in Japan ‘tripled’ in 2018 so far
The amount stolen this year was substantially larger than the equivalent figure recorded in 2017, with JPY60 billion stolen so far across 158 separate thefts in Japan alone.
Japan’s FSA reveals crypto regulation update
The Financial Services Agency (FSA), Japan's top financial regulator, revealed that, while 160 companies are waiting in line to enter the crypto space, three cryptocurrency operators are currently being reviewed.
Japan’s Zaif crypto exchange loses $60M in hack
Zaif, a cryptocurrency exchange based in Japan, has fallen victim to a hack, resulting in the loss of JPY6.7 billion ($60 million) worth of cryptocurrencies.
After Pantronics, Huobi acquires licensed crypto exchange in Japan
Singapore-based cryptocurrency exchange Huobi is on the verge of acquiring a regulated Japanese cryptocurrency broker, in a deal that will confirm the group’s expansion into Japan’s cryptocurrency investment sector.