Japan | Crypto

The crypto industry in Japan is poised for a surge in growth among retail investors, observers say, as the government plans to introduce a moderate 20% tax. A new, more moderate tax on digital assets in Japan is projected to make crypto more appealing to retail investors. Lawmakers in the National Diet, Japan’s legislature, reportedly support a proposal from the country’s financial watchdog, the Financial Services Agency (FSA), that would lower taxes on crypto. The rate would decrease from a maximum of 55% to 20%, aligning the taxation regime more closely with traditional assets and securities. Relaxing the tax code reflects a growing trend of the government moderating its stance toward crypto in Japan. From a relative gray zone to strict regulations, to becoming part of a national growth plan, the government has gradually recognized crypto as part of the financial industry. Read more

Bitcoin’s decline to $84,000 was driven by US dollar stablecoin concerns, a weakening global macroeconomic outlook and factors beyond Japan’s bond market stress. Key takeaways: Stablecoin concerns, regulatory pressure, and reduced risk appetite among traders weighed more on Bitcoin than Japan’s bond-market moves. Reduced confidence in global growth and stress on digital asset reserve companies amplified BTC selling and subsequent stop losses. Read more

Bitcoin price erased recent gains, shedding nearly 5% to below $87,000 in early Asian trading hours on Dec. 1. This came as a surge in Japanese government bond yields triggered a broad risk-off sentiment, shattering a fragile, low-volume market structure. According to CryptoSlate data, BTC fell from a consolidation range near $91,000, wiping out approximately […] The post $150B wiped: Bitcoin drops below $87k on Japan yield shock appeared first on CryptoSlate.

Japan is quietly preparing the most pro-crypto shift of any G7 nation. According to multiple reports from local media, the Financial Services Agency (FSA) is drafting a sweeping reclassification of digital assets that would bring Bitcoin, Ethereum, and around 100 other tokens under the same umbrella as stocks and investment funds. If the plan moves […] The post Japan’s 20% crypto tax sets a new bar in Asia, pressuring Singapore and Hong Kong as retail costs fall appeared first on CryptoSlate.

Japan’s FSA plans to reclassify crypto as financial products, enforce new disclosure and insider trading rules, and cut the crypto tax rate from 55% to a flat 20%. Japan’s Financial Services Agency (FSA) is preparing an overhaul of the country’s crypto regulatory framework, moving to classify digital assets as “financial products” under the Financial Instruments and Exchange Act. The plan would introduce mandatory disclosures for 105 cryptocurrencies listed on domestic exchanges, including Bitcoin (BTC) and Ether (ETH), and bring them under insider trading regulations for the first time, according to a Sunday report from Asahi Shinmun. If enacted, exchanges would be required to disclose detailed information about each of the 105 tokens they list, including whether the asset has an identifiable issuer, the blockchain technology underpinning it and its volatility profile, per the report. Read more

Stablecoin issuers could become key buyers of Japan’s government bonds, filling the void as the central bank scales back its $9 trillion debt purchases. The post Stablecoin May Replace Central Bank Demand in Japan’s $9 Trillion Bond Market appeared first on Cryptonews.

Canaan will supply 4.5 megawatts of water-cooled Bitcoin mining ASICs to a Japanese engineering firm for real-time grid balancing and energy optimization. Mining hardware producer Canaan won a contract to supply 4.5 megawatts (MW) of Bitcoin mining application-specific integrated circuits (ASICs) for a project designed to help stabilize Japan’s electric grid. According to a Thursday announcement, the company will supply an electrical engineering solutions provider Bitcoin mining ASICs with a capacity of 4.5 MW. The project will deploy Canaan’s new Avalon A1566HA-488T water-cooled mining ASICs for “real-time grid balancing and energy-efficiency optimization,” Canaan said. The mining operation will run continuously and utilize controlled overclocking and underclocking, adjusting power consumption to stabilize the regional grid load. Canaan’s proprietary control systems will dynamically adjust frequency, voltage and hashrate to match power supply and demand. Read more

Bybit suspends new accounts in Japan, halting new user sign-ups from October 31, citing compliance with stricter regulations being prepared by the country's FSA. The post Bybit Suspends New Accounts in Japan as FSA Prepares Stricter Crypto Regulations appeared first on Cryptonews.

Bybit’s pause comes as Japan’s FSA considers reforms that could allow banks to hold Bitcoin and operate licensed exchanges. Bybit, the world’s second-largest crypto exchange by trading volume, has announced it will pause new user registrations in Japan starting Oct. 31, as it adapts to new regulations from the country’s Financial Services Agency (FSA). The company said the move is part of its “proactive approach” to align with Japan’s emerging regulatory framework for digital assets, according to a Wednesday announcement. “It has always been Bybit’s commitment to operate responsibly and in compliance with local laws and regulatory expectations,” the exchange said. Read more

JPYC President Noriyoshi Okabe said that the stablecoin has already garnered interest from seven companies that are looking to incorporate it into their services. Tokyo-based fintech firm JPYC has launched Japan’s first yen-backed stablecoin along with a platform to issue the new coin, amid a growing global race to corner the growing market. The Japanese yen stablecoin JPYC went live on Monday and is backed one-to-one by bank deposits and government bonds, and also has a 1:1 exchange rate with the yen, the company said on Friday. At a press conference in Tokyo, JPYC President Noriyoshi Okabe said the stablecoin from his company is a “major milestone in the history of Japanese currency,” and has also attracted interest from seven companies planning to incorporate it, according to a report from Business Insider Japan.   Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure. The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more