Developing countries have more than double the amount of people positive that the Metaverse will impact their lives, and they’d use it daily in comparison to developed countries.
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.
Traders are calling for a “relief rally” to $35,000, but derivatives data shows bears stand to profit from this week’s $1.81 billion BTC options expiry.6985
Crypto exchange Bitbank revealed plans to establish JADAT, a crypto-specialized custodian, in partnership with Sumitomo Mitsui Trust Holdings.1089
The leading Japanese bank plans on establishing a crypto subsidiary outside of Japan and will acquire about 100 personnel to work in the digital asset space.2969
The U.S. dollar currency index breaks through resistance to hit its highest level since 2002 — to the detriment of practically everything.5624
Line, Japan’s number one super app, has launched its own NFT marketplace, adding to its list of crypto-ready features.4369
The Bank of Japan’s executive director announced that the eagerly-awaited digital yen won’t be used to attain negative interest rates.1947
“It is a natural extension for the future of gaming that it will expand to involve new areas such as cloud gaming and NFTs,” said Sega producer Masayoshi Kikuchi.4208
It follows a history of crypto projects from Kakao, including its Ground X blockchain subsidiary, which won the South Korean Central Banks’ CBDC tender last year.2219
The heavy sanctions on Russia extend to crypto, and here is a deep dive into the legal infrastructure behind them.9765
The Bank of Japan has warned G7 nations that a common regulatory framework for cryptocurrencies needs to be introduced quickly to discuss digital assets to be used to skirt sanctions.4618
“Owning a Mt. Gox NFT proves you’re OG... you were there in the early days of Bitcoin, and now you can prove it on the blockchain," said the project's whitepaper.6089
The proposed amendment is being carried out to prevent sanctioned countries from taking evasive actions using digital assets.3055
Certain Coinbase users will need to disclose recipient information when sending cryptocurrencies to non-Coinbase wallets.9921
The majority shares of the new combined holding company called Coincheck Group, N.V would be owned by Coincheck’s parent company Monex Group Inc.1544