The newly proposed global tax rules will drastically influence all international companies, with crypto being a target as well.
Located in East Asia, Japan is a top 20 country in the world in terms of population. Japan has the third-largest economy by nominal gross domestic product and the fourth-largest economy by purchasing power parity. Tokyo is the country’s capital. Bitcoin in Japan has a notable following, as does cryptocurrency and blockchain as a whole.
The country’s regulators have deemed Bitcoin an approved money type. Japan hosts a number of crypto exchanges, and the country has regulatory requirements around the industry, creating a scene more favorable for compliant crypto-asset entities. Bitcoin’s anonymous creator, Satoshi Nakamoto, is thought to be from Japan, although little is confirmed about Nakamoto’s identity.
The warning comes in response to Bybit’s marketing campaign that reportedly targeted Japanese investors.8600
The Hashpalette token sale on Coincheck is set to become Japan’s maiden initial exchange offering event.12793
A publicly listed company in Japan wants to contribute to blockchain technology “sparking a value revolution in finance.”2961
The BOJ governor says Bitcoin is a speculative play, while issuing warnings over price volatility.8301
SBI’s total pre-tax profit from its crypto business surged above $174 million in the past fiscal year.14350
The online games and virtual world creator has snapped up 1,717 Bitcoin for $58,226 each, as it believes the cryptocurrency offers “long-term stability and liquidity.”9645
Amid the COVID-19 pandemic, the role of digitalization has become central to achieving sustainability and lessening climate change.6341
The first phase of Japan’s CBDC pilots will have been completed by March 2022, the central bank states.13049
Japan has been a member of the FATF since 1990.4182
Sumitomo Mitsui has partnered with Securitize to launch Japan’s first security token that complies with the country’s Financial Instruments and Exchange Act.11981
Asia’s largest economies are pushing forward with their respective CBDC trials, with six Chinese banks offering digital wallets and Japan establishing a new committee.7401
The mining subsidiary of Japanese financial conglomerate SBI Holdings is opening its pool services to institutional and retail customers alike.8525
In fresh remarks, Bank of Japan Governor Kuroda Haruhiko said that experiments with a domestic central bank digital currency will begin in spring 2021.5438
SBI Holdings subsidiary Morningstar started its XRP shareholder benefits in 2019.14673