News On Japan

Japan embraces Web3 while other countries are hesitant

Jan 28 (bollyinside.com) - Web3 promotion continues to be a cornerstone of Japan’s national strategy as lawmakers and regulators from the U.S. to Europe to Asia voice growing caution regarding cryptocurrencies.

A tiny but vocal group of legislators are putting up regulations for anything from non-fungible currencies to decentralised autonomous organisations (DAO) (NFT). Japanese exchanges are finding it simpler to list tokens. A burdensome tax requirement has been changed, which is a significant victory for cryptocurrency business owners. Coinbase and Kraken left Japan, while Binance, which had previously irritated Japanese regulators, was able to purchase a Japanese exchange. Additionally, stablecoins—which are now prohibited on Japanese exchanges—have a new direction to follow.

Ghosts of previous hackersThe simplest explanation would be that Japan has already experienced Hell and back when it comes to cryptocurrencies. It demonstrated its storm-weathering abilities. So, some of the earlier fear has subsided.

Japan was a pioneer in the crypto industry, and the losses followed quickly. Japanese exchange Mt. Gox had a hack in 2014. Then, in the biggest theft in cryptocurrency history, hackers attacked once more in early 2018, stealing almost $500 million from the Japanese exchange Coincheck. Japan was on track to become the Asian and even global capital of cryptocurrency not long before the Coincheck hack. Regulators were severely alarmed by the breach, and Japan appeared to vanish from the crypto scene. For a time it seemed almost impossible to list new tokens on exchanges. ...continue reading

News On Japan
POPULAR NEWS

The Emperor and Empress of Japan have arrived in the UK for an official visit aimed at strengthening friendly relations. This marks the Emperor's first state visit to the UK in 26 years since 1998.

According to a report by the Organisation for Economic Co-operation and Development (OECD), 28.3% of women born in 1975 in Japan are childless, the highest rate among member countries.

The long-standing seniority-based system in Japanese companies is being phased out. Many have considered it natural to rise with age, but there have been times when people desired recognition based on ability. With this deeply ingrained system now under review, will the decision by a major bank change Japan's corporate culture?

In a significant ruling regarding the estate of businessman 'Kishu Don Juan,' the court declared on Friday the will, which states that his 1.3 billion yen estate be donated entirely to the city, to be valid. Relatives had contested the will's validity, but the court dismissed their claims.

A controversy has erupted over the sale of high-priced premium seats at the Gion Festival. Yasaka Shrine's chief priest has expressed concern over the decision to sell premium seats for 150,000 yen each, stating, "This is not a show."

NEWS ON JAPAN SOCIALS
         

MORE Web3 NEWS

At the SoftBank Group's annual general meeting on June 21, Chairman and CEO Masayoshi Son stated that artificial intelligence (AI) would surpass human intelligence by 10,000 times within the next decade, reaffirming his commitment to expanding investments in this field.

Popular anime singer Yoko Takahashi, known for her hit song 'A Cruel Angel's Thesis' from the anime 'Neon Genesis Evangelion,' has abruptly withdrawn from a concert. The reason behind this decision was an AI-generated poster.

JDB (Just Do the Best) is a leading online gaming provider that primarily targets the Asian market. Founded in 2010, the company has quickly gained popularity for its high-quality, visually stunning games with unique features and mechanics.

Google has announced a new initiative to address the challenges faced by all 47 prefectures in Japan through artificial intelligence, in collaboration with the University of Tokyo.

The intense competition in generative AI technology raises concerns over misuse, such as the creation of fake videos. We explored this issue through AI video creation.

In a move to make generative AI more accessible, major mobile carrier SoftBank has announced the free provision of its latest AI-powered search tool to mobile users.

Over history, the casino industry has been through an interesting journey and has appeared in many different guises.

A public-private-academic collaborative organization, the Aichi Sports Innovation Consortium (AiSIA), was established on June 11, 2024, to revitalize the region through sports using digital technology.