Japan Wants to be the Most Bitcoin Friendly Country
All year we have chronicled the various ways nation-states have chosen to mis-categorize and malign Bitcoin. The influence of fear, corporate interests, confusion, or the illusion of financial terrorism has caused many a short circuit when it comes to Bitcoin, and official government responses have run the gamut. Russia and Bangladesh have agreed to ban it outright. Canada is taking a more deliberate and thoughtful look at Bitcoin under the tutelage of legendary Bitcoin wizard Andreas Antonopoulos. Ecuador is trying to head off Bitcoin through adigital version of their fiat currency. And....
Related News
Japan and Portugal announce approval of new cryptocurrency exchanges in the nations. Portugal has approved two exchanges so far, while Japan has allowed Coinbase to function within the country. Japan Approves Coinbase Coinbase can finally start operations in Japan as the country’s top financial regulator has approved the organization within the nation. As of this […]
According to a research conducted by digital asset exchange aggregator Coincub, Germany was the most crypto-friendly country in the first quarter of this year. Singapore, the previous leader, has fallen to second place, while the United States has climbed to third. Germany was ranked fourth last year on Coincub’s list of the most crypto-friendly country. […]
The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd.
Law on Stablecoins Approved in Japan in Aftermath of UST Collapse
Lawmakers in Japan have passed a bill designed to determine the legal status of stablecoins. The authors of the legislation have effectively defined these cryptocurrencies as digital money, Bloomberg reported following the vote on Friday.
With the new law, Japan....
Web3 GameFi metaverse platform creator Digital Asset Entertainment Pte. Ltd. is expanding into Japan with the launch of its native cryptocurrency token DEAPcoin, a new NFT marketplace and the debut of four NFT-based games in the country. DEA’s DEP token is already available in Japan, listed on the popular local BITPOINT exchange, and will be […]
Indonesia should follow Japan and support bitcoin, according to an article in okezone.com, an online portal of news and entertainment that focuses on Indonesian readers both in the country and living abroad. The article, by journalist Kurniasih Miftakhul Jannah, calls for the country to take action to make bitcoin more acceptable in his country, in light of the progress other countries are making. The article noted that bitcoin has been approved as a legal currency in Japan. Japan’s Financial Services Agency, which manages the circulation of the yen currency, will regulate bitcoin, the....