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Japan to Review Crypto Regulations, Potentially Easing Tax Burden

Japan to Review Crypto Regulations, Potentially Easing Tax BurdenJapan 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 […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Japan Looks to Stop Sanctioned Russian Entities From Transferring Crypto Assets

Japan Looks to Stop Sanctioned Russian Entities From Transferring Crypto AssetsAs financial authorities around the world continue to target sanctioned Russian entities, regulators in Japan along with the country’s crypto association are attempting to find and close gaps that may be used to circumvent sanctions. The two bodies, however, have said they are not discussing the plan to block all Russians. Calls to Block Russian […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Crypto Derivatives Exchange Bybit to Introduce Stringent KYC Policy

Crypto Derivatives Exchange Bybit to Introduce Stringent KYC PolicyThe British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant to “improve security compliance for all traders.” Bybit Says Companies and Individual Clients Mandated to […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit

Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange BybitThe Japanese government’s Financial Services Agency (FSA) has issued a warning to the crypto derivatives exchange Bybit claiming that the trading platform is allowing residents of Japan access to the exchange. The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital currencies for speculation. Japan’s FSA Warns Bybit Fintech Limited Japan’s top regulator […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K