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Japan is reportedly set to review its cryptocurrency regulations, potentially reducing taxes on digital assets. The Financial Services Agency (FSA) plans to assess whether current crypto regulations under the payments act provide sufficient investor protection. The review may lead to reclassifying crypto as financial instruments under Japan’s investment law, which could enhance safeguards and bring … Read more
Several Japanese tech and finance giants have signed a document to create the Japan Metaverse Economic Zone, a multipurpose virtual universe that will have its base in a platform called Ryugukoku. The virtual world will allow these companies to share their technology with users as it lets them roam this role-playing-game-like world as online avatars. … Read more
Mitsubishi UFJ Financial Group, Inc, one of the top five banks in the world, announced its intention of testing a proprietary cryptocurrency by 2019. The idea is to roll out its coin initially to a relative handful of customers, hoping they’ll participate in finding inevitable bugs as they make typical retail purchases. For Japan, it’s … Read more
