Japan, under its pro-Web3 Prime Minister Fumio Kishida, is taking efforts as a community to establish itself as a hotspot for blockchain-related activities. Recently, it has been reported that Japanese e-commerce major Mercari is planning to accept Bitcoin payment in the coming months. Launched in the year 2013, the Tokyo-headquartered company has a monthly active … Read more
The Web3 sector is witnessing a rapid expansion globally, as clusters of countries are collectively (as well as independently) setting guidelines and legal frameworks to regulate the sector. In a bid to explore ways to grow the Web3 ecosystem in Asia, Web3 support groups from India and Japan have decided to team up to boost … Read more
Japan’s Financial Services Agency (FSA) aims to promote treating cryptocurrencies akin to traditional assets such as stocks and gold. As part of this effort, the FSA has reduced tax rates on income generated from crypto activities. Corporate crypto holders will face slightly higher rates, while small-scale individual investors will benefit from comparatively lower taxes. The … Read more
Metaplanet, the largest corporate bitcoin holder outside North America, has purchased an additional 797 BTC, worth around $96 million, bringing its total bitcoin holdings to 16,352. Simon Gerovich, CEO of the Tokyo-listed hotelier, recently told the FT that the firm aims to leverage these holdings as collateral to finance acquisitions of cash‑generating businesses, particularly in digital … Read more
Beijing’s state media is rallying behind Chang’an Chain, a homegrown blockchain infrastructure hailed as a solution to China’s “root problem” of digital sovereignty. A profile on Qianlong.com credits researcher Dong Jin and his team for building a fully open-source and state-backed blockchain stack now powering national digital projects. Though little-known outside China, Chang’an Chain has … Read more
Japanese real estate investment firm GATES Inc. unveiled plans to tokenize $75 million of income-generating properties in central Tokyo using the Oasys blockchain to make it easier for foreigners to gain access to the country’s real estate market. The company said Thursday it plans to expand quickly, aiming to eventually tokenize more than $200 billion … Read more