Japan’s FSA

Highlights: SBI VC Trade is the first in Japan to get a license to handle USDC transactions under new rules. The beta launch for USDC trading will be open to select customers within SBI Group. Japan is changing laws to […]

Highlights: Japan’s FSA reviews virtual assets as financial products to enhance investor protection. Potential changes include allowing Bitcoin ETFs and lowering crypto tax from 55% to 20%. Japan has taken a cautious approach to cryptocurrency compared to other Asian markets. […]

Highlights: DMM Bitcoin is shutting down after losing $320 million in a May hack affecting over 4500 BTC. Customer assets will be transferred to SBI VC Trade in March next year following the company’s shutdown. Japan is tightening crypto regulations […]

Highlights: FSA plans to introduce a “holding order” to prevent domestic assets from leaving Japan. The development was triggered by the aftermath of FTX’s massive failure. Japan’s financial watchdog aims to protect investors through a crypto regulatory review. Japan’s Financial […]