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Japan

Japan is one of the countries that favors the use of cryptocurrency but imposes taxes on crypto trading and exchange. It regulates cryptocurrencies with the help of the Payment Service Act treating it as a property value in electronic form

Alex DovbnyaAlex Dovbnya

Ernst & Young Will Use Blockchain to Make Sure That You Don't Drink Fake Sake

A Japanese branch of the accounting behemoth Ernst & Young plans to launch an anti-counterfeiting blockchain service for tracking down fake sakes
Alex DovbnyaAlex Dovbnya

Cryptocurrency Criminals Responsible for $550 Mln Coincheck Hack Arrested by Japanese Police

Two men who were linked to the $550 mln Coincheck hack have been arrested by Japanese police
Yuri MolchanYuri Molchan

Japan’s State Crypto: ‘The Sooner, the Better’ - Says Senior Ruling Party Rep

The Liberal Democratic Party of Japan intends to add the launch of the CBDC to the government’s policy guidelines so as to release the coin in the near future
Alex DovbnyaAlex Dovbnya

Japan to Discuss Central Bank Digital Currencies with Canada, UK, and Other Countries

The Bank of Japan to meet with other central banks to discuss the potential issuance of central bank digital currencies
Alex DovbnyaAlex Dovbnya

Ripple's MoneyTap Gets Investment From Second Largest Bank in Japan

Sumitomo Mitsui Banking Corporation (SMBC) invests in MoneyTap and R3's Corda as part of its partnership with SBI Holdings