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Japan
Bithumb Goes for Olympic Gold; India Crypto Tax Questions
Japanese megabank to take advantage of stablecoin law. Korea’s Bithumb gets in on Winter Olympics action. Lack of clarity clouds India crypto tax. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Japan's Biggest Bank to Issue Yen-Pegged Stablecoin for Settlement: Report
The trust banking arm of Mitsubishi UFJ plans to use blockchain technology for securities trading with the stablecoin acting as a payment instrument.
Japanese Trading House Mitsui to Launch Gold-Linked Cryptocurrency: Report
ZPG coin will also be used for digital payments, Nikkei Asia reported.
Nintendo President Vague on Company's Metaverse Plan
Shuntaro Furukawa remains noncommittal to the metaverse, while investors target Nintendo's stock as an undervalued metaverse play
Japan's Crypto Exchanges Body Considers Easing Rules for Token Listings: Report
The industry association has to approve token listings on exchanges.
FTX Buys Crypto Exchange Liquid Group for Expansion in Japan
The deal announcement follows FTX closing a $400 million round at a $32 billion valuation.
Crypto Startup Amber Group Acquires Japanese Exchange DeCurret
The exchange, which has been in operation for three years, has yet to turn a profit.
Inside the Company Building Japan's Multistakeholder Digital Yen
DeCurret was born out of Japan's oldest internet firm.
Binance Didn't Upgrade Customer Checks, Despite Promises to Regulators: Report
A Reuters investigation found Binance has not been as keen on regulation as it has publicly professed to be.
Japan’s Taxes on Crypto Firms Are Leading Some to Leave the Country
Founders face hefty corporate taxes when listing tokens and individual investors are taxed up to 55% on gains.
