Japan and Singapore lead Asia’s crypto race as South Korea lags

Oct 05, 2023 | News On Japan

Oct 05, 2023 (ambcrypto.com) - South Korean analysts and experts have taken note of Japan’s ambitious endeavors in the crypto and Web3 space, with some speculating that it might become a “crypto and Web3 El Dorado.”

While Japan’s restrictive crypto regulations have started to ease, South Korea is contemplating stricter oversight. This has raised concerns among its crypto firms.

Prime Minister Fumio Kishida’s administration in Japan has been proactive in fostering the Web3 sector, aiming to transform the country into a crypto and Web3 powerhouse.

The government has been implementing supportive measures and relaxing regulations, setting the stage for potential growth in these emerging fields.

One notable move by Kishida was his video speech at the WebX conference in July, hosted by CoinPost, Japan’s largest crypto-focused media outlet. The event saw the attendance of high-profile government officials. ...continue reading

Typhoons No. 28 and 29 Bring High Waves to Japan's Pacific Coast

Two typhoons moving across the Pacific southeast of Japan are expected to remain well away from the Japanese mainland, but powerful swells could bring rough seas to a wide stretch of the country's Pacific coastline throughout the three-day holiday weekend, according to forecasts updated at 3 a.m. on October 10.

Cyberattacks Spread Across Japan

A series of cyberattacks has disrupted business operations and exposed millions of customer records across Japan, with a ransomware attack on a cloud service provider affecting 495 companies and local governments nationwide, while convenience store operator Lawson has disclosed a separate breach involving more than 2.15 million personal information records.

Japan's First 360-Degree Projection Mapping Opens in Osaka

Japan's first 360-degree projection mapping show will open at the Osaka City Museum of Fine Arts on October 10, transforming the historic building into an immersive world of light, music, and seasonal imagery, with organizers hoping the attraction will also help stimulate the city's nighttime economy.

Tokyo University Professor Wins Nobel Prize in Chemistry

Tokyo University of Science professor emeritus Kenzo Soai has been awarded this year's Nobel Prize in Chemistry together with French chemist Henri B. Kagan for discoveries that transformed scientists' understanding of how chemical reactions can favor one of two mirror-image forms of a molecule.

US Military Halts All Okinawa Operations for 48 Hours

The US military suspended activities by all forces stationed in Okinawa for 48 hours from noon on October 7, an unusual measure following the arrest of a US Marine in connection with a robbery and murder case that has renewed scrutiny of crimes involving American service members.

MEDIA CHANNELS

MORE Web3 NEWS

Tokyo Seniors Learn How to Use AI

Tokyo hosted an employment support event for older workers on October 6, offering job consultations, interviews, hands-on work experience and training in artificial intelligence as the number of people aged 65 and over in the workforce continues to rise.

Hackers Warn Japan Has One of World's Worst Cybersecurity Systems

The ransomware group Qilin, accused of carrying out repeated cyberattacks against companies including Asahi Group Holdings, has warned that attacks targeting Japanese companies and government agencies could increase after a suspected core member was detained in Osaka and extradited to Germany.

Kawasaki Heavy Unveils Next-Generation AI Robot for Shipbuilding

Kawasaki Heavy Industries has unveiled a prototype next-generation shipbuilding robot that can climb vertically along ship hulls, part of an effort to use physical AI to address labor shortages and preserve skilled manufacturing techniques.

Panasonic Bets on AI as Data Centers Become New Growth Engine

Panasonic Holdings is pushing ahead with one of the most sweeping restructurings in its 108-year history, cutting about 12,000 jobs, selling major businesses and reorganizing operations as the Japanese electronics group seeks to build new sources of growth around artificial intelligence, data centers and recurring service revenue.

Tokyo Court Recognizes Voice Rights in Landmark AI Ruling

A Tokyo court has recognized the commercial rights of performers over their voices for the first time, ruling that unauthorized use of AI-generated voices resembling those of celebrities can constitute an infringement of publicity rights in a landmark lawsuit brought by popular voice actor Kenjiro Tsuda against the operator of TikTok.