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Japan
Bitcoin Trades At Slight Premium in Yen Terms Amid Suspected BOJ Intervention
The Japanese yen swung wildly on Monday, recovering 500 pips from over three-decade lows on suspected BOJ intervention.
Japan's Embrace of Web3 Uncertain as Ruling Party Under Threat
Liberal Democratic Party leader and Prime Minister Fumio Kishida once called Web3 a “new form of capitalism,” but he faces a party leadership election in September.
Bank of Japan Ends Eight-Year Negative Rates Regime; Bitcoin Slides to $62.7K
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
World's Largest Pension Fund Seeks Information on Bitcoin Under Portfolio Diversification Plan
Japan's state pension fund, GPIF, is seeking information about bitcoin as part of a broader strategy initiated in response to significant economic and societal changes and technological advancements.
Bitcoin Is Hitting All-Time Highs Around the World
The U.S. economy and its dollar has enjoyed relative strength over the past few years.
Japan Moves Closer to Allowing Venture Capital Firms to Hold Crypto Assets
If approved in parliament, the draft bill could see VCs fund Web3 startups in exchange for crypto assets.
Bitcoin's Volatility Continues; Japan Wants New Web3 Rules
"CoinDesk Daily" host Amitoj Singh breaks down the biggest crypto headlines impacting the industry today, including a closer look at bitcoin's (BTC) latest price action after spot bitcoin ETF approvals in the U.S. earlier this month. Some Japanese congressmen want to carve out policies for Web3, according to CoinDesk Japan. And, two Tornado Cash developers have raised over $350,000 for their legal defense fund.
Japanese Lawmakers Want To Carve Out New Web3 Policies: CoinDesk Japan
"We would like to grasp the current situation in areas other than decentralized autonomous organizations and identify new important points for policy," Congressman Hideto Kawasaki said.
Crypto Backers B. Riley and Nomura Entangled in SEC Probe: Bloomberg
A statement from B. Riley said it was unaware of any such investigation from the U.S. Securities and Exchange Commission (SEC).
Japan's Cabinet Proposes Scrapping Corporate Tax on Unrealized Crypto Gains
Prime Minister Fumio Kishida’s government has been considering submissions on how best to encourage the industry's development, which it sees as a pillar of economic reform.
