Japan Hesitates on Bitcoin Reserve, While US Debate Rages

December 29, 2024 Bitcoin.com

Bitcoin

The Japanese government says discussions about making bitcoin (BTC) a reserve asset are still in the early stages. Lawmaker Urges Japan to Emulate the US The Japanese government says discussions about making bitcoin (BTC) a reserve currency are still in their early stages, making it difficult to express a view on the topic. Prime Minister […]

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Hacked crypto exchange DMM seals deal with SBI, accounts to open March

December 26, 2024 Coin Telegraph

Coin Telegraph

SBI VC Trade reached an agreement with DMM Bitcoin to receive the hacked exchange’s assets, with DMM customers expected to transition to SBI in March.

Japanese crypto-focused finance firm SBI VC Trade finalized a deal to receive the assets of the hacked crypto exchange DMM Bitcoin, with the exchange’s customer accounts to be ready in March.

SBI said in a Dec. 25 notice that it had agreed to accept all DMM customer accounts and assets, which will be transferred to the firm on March 8, 2025.

The firm said DMM customers won’t need to open accounts with SBI as it will automatically create them for transitioning DMM users.

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Aptos co-founder and CEO Mo Shaikh steps down to ‘start new chapter’

December 20, 2024 Coin Telegraph

Aptos Labs

Mo Shaikh, who co-founded the firm in 2021 alongside Avery Ching said he would stay on board at Aptos Labs as a strategic adviser.

Mohammad Shaikh, the co-founder and CEO of layer-1 blockchain Aptos Labs, has resigned from the top position to “start a new chapter,” with co-founder and chief technology officer Avery Ching now taking over as the new CEO.

Shaikh co-founded Aptos Labs alongside Ching in 2021, helping Aptos mainnet launch in October 2022. He helped the firm raise $400 million and establish key partnerships.

“Today I am stepping away from Aptos Labs to start a new chapter,” Shaikh said in a Dec. 19 X post before expressing confidence in the firm’s future.

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Japan crypto exchange DMM Bitcoin is set to liquidate: Report

December 2, 2024 Coin Telegraph

Coin Telegraph

DMM Bitcoin, which suffered a private key hack in May that caused a loss of $320 million in Bitcoin is reportedly ceasing efforts to revamp operations.

Japanese cryptocurrency exchange DMM Bitcoin is reportedly prepping to liquidate after losing $320 million in Bitcoin from a private key hack in May that the company has failed to recover from.

The crypto exchange is also reportedly ceasing efforts to revamp operations and intends to transfer customer assets to SBI VC Trade, an exchange operator under SBI Group, around March, reported Nikkei Asia on Dec. 2, without sharing its source.

Cointelegraph reached out to DMM Bitcoin for comment.

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Japan passes stimulus package, commits to crypto tax reform

November 20, 2024 Coin Telegraph

Coin Telegraph

Proposed changes include taxing cryptocurrency at a 20% flat rate instead of the current variable ‘miscellaneous income’ rate.

Japan will go ahead with a proposed stimulus package after Prime Minister Shigeru Ishiba promised to engage in bipartisan discussions to enact sweeping tax reform.

The economic stimulus package is expected to be approved before the end of 2024. According to a report from Bloomberg, the proposed tax reform measures include changes to income tax, corporate taxes and cryptocurrency taxes. This represents a shift in the governing party’s policy, which had previously called for higher taxes.

Pundits have described the situation as being “stuck between a rock and a hard place.”

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Japanese Investment Firm Now Holds Over $128,000,000 in Bitcoin After Latest BTC Accumulation Spree

October 30, 2024 The Daily Hodl

Bitcoin

The Japanese investment firm Metaplanet now holds more than $168 million worth of Bitcoin after a recent BTC purchase. The firm began accumulating the top crypto asset by market cap after it announced a shift in its treasury management strategy earlier this year, purchasing a total of 156.78 BTC over the weekend. Explained Metaplanet at […]

The post Japanese Investment Firm Now Holds Over $128,000,000 in Bitcoin After Latest BTC Accumulation Spree appeared first on The Daily Hodl.

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Indo-Pacific Nations Outpacing the US in Crypto Regulation, SEC Commissioner Says

October 25, 2024 Bitcoin.com

bitcoin.com

A U.S. Securities and Exchange Commission (SEC) commissioner has urged the U.S. to adopt a more proactive approach to crypto regulation, pointing to the leadership of Indo-Pacific nations like Japan, Singapore, and Hong Kong. He emphasized that these countries have crafted clear frameworks that foster innovation while protecting investors, in contrast to the U.S., where […]

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Police Analyze Monero (XMR) Transactions To Arrest 18 People Suspected of Fraud in Japan: Report

October 21, 2024 The Daily Hodl

Daily Hodl

Japanese authorities, including the National Police Agency and a joint task force from nine prefectural police departments, arrested 18 individuals involved in a scam using Monero (XMR). According to multiple reports, the suspects allegedly used stolen credit card details to make fraudulent purchases, primarily on the flea market app Mercari. Over the span of June […]

The post Police Analyze Monero (XMR) Transactions To Arrest 18 People Suspected of Fraud in Japan: Report appeared first on The Daily Hodl.

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Japanese authorities trace Monero, arrest 18 in $670K laundering case

October 21, 2024 Coin Telegraph

Japanese authorities trace Monero, arrest 18 in 0K laundering case

Coin Telegraph

The group of scammers has been under investigation by Japan’s newly formed cybercrime unit since August.

For the first time in crypto history, Japanese authorities arrested a gang of 18 scammers by analyzing Monero transactions.

Japanese authorities analyzed approximately 900 Monero (XMR)-based money laundering transactions from the gang of scammers, which caused approximately 100 million yen ($670,000) worth of damage during their criminal activity.

Japanese authorities told local media outlet Nikkei that this marks the first time in history that the country’s law enforcement agencies have used Monero transactions to identify a group of criminals.

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Palau Collaborates With Japan to Introduce Blockchain Savings Bonds

October 9, 2024 Bitcoin.com

bitcoin.com

The government of Palau has taken a major step towards integrating blockchain technology into its economy with the launch of Palau Invest, a digital savings bond platform. This initiative, developed in collaboration with Japan, offers citizens a unique opportunity to invest in national infrastructure projects and boost economic growth. Palau Launches Blockchain-Based Savings Bonds The […]

Japan

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