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Tag: japan

Japan Announces Cryptocurrency tax at 15 to 55 Percent

Category: Altcoins, Bitcoin, Finance, News

Japan Announces Cryptocurrency tax at 15 to 55 Percent

Cryptocurrency investors in Japan will be taxed 15 to 55 percent of their cryptocurrency profits this year. Japan’s National Tax Agency classified these profits as “miscellaneous income” on December 1, 2017. The National Tax Agency in Japan has finally caught up to cryptocurrency traders within its borders, raising fears that these profits could be taxed as high as 50 percent….

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Cryptocurrency Advertising Booming in Japan Despite Criticism

Category: Altcoins, Bitcoin, Finance, News

Cryptocurrency Advertising Booming in Japan Despite Criticism

As Japan becomes one of the cryptocurrency capitals of the world, virtual currency exchanges in the country are spending big on advertising. In some cases, even more than blue-chip firms in the Asian nation. However, some are of the opinion that these companies should ban related adverts entirely or reduce the rate at which they run commercials due to the…

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World’s Fifth Largest BankSet to Launch Cryptocurrency Exchange and Bitcoin Trust

Category: Bitcoin, Commentary, Finance, News, Regulation

World’s Fifth Largest BankSet to Launch Cryptocurrency Exchange and Bitcoin Trust

At a time when the cryptocurrency world is going through various attacks from governments all around the world, Japan is doing its possible best to support the continued existence of the crypto ecosystem. Japan’s largest bank and fifth biggest bank in the world, Mitsubishi UFJ Financial Group, Inc., (MUFG) is finalizing plans to launch its exchange. MUFG Exchange According to…

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Meet The World’s First Cryptocurrency All-Girl Music Group

Category: Altcoins, Bitcoin, Entertainment, News

Meet The World’s First Cryptocurrency All-Girl Music Group

The world has seen several pop groups from Japan like AKB48 and Morning Musume, but there have never been one like the eight-member, all-girl pop group Kasotsuka Shojo, whose primary theme is cryptocurrency. The Crypto Girls Kasotsuka Shojo is japan’s new all-girl music group. They are a group of eight girls, and each member represents a Cryptocurrency. The team held…

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FISCO To Launch First Japanese Cryptocurrency Fund

Category: Bitcoin, Business, Commentary, News

FISCO To Launch First Japanese Cryptocurrency Fund

FISCO, a Japanese financial information provider, is looking to launch the first cryptocurrency fund in Japan, starting with a size of 300 million yen ($2.66 million) which will invest in bitcoin as well as other cryptocurrencies as early as January 2018. Diversifying Interests The information provider already covers equity, foreign exchange, bond, and commodity markets so this would be the…

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‘Wealth Effect’ of Bitcoin Boom may add 0.3 Percent to Japan’s GDP

Category: Bitcoin, Commentary, News

‘Wealth Effect’ of Bitcoin Boom may add 0.3 Percent to Japan’s GDP

The rise of bitcoin and cryptocurrency over the course of 2017 has had some pretty strange effects filtering through to wider markets. Most notably, the Long Island Ice Tea company changing their name to Long Blockchain, which resulted in the company’s stock price to soar 289 percent. While we can point to many adverse effects, Nomura reckons the bitcoin ‘wealth…

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Asian Countries That Have Contributed To The Growth Of Bitcoin So Far

Category: Bitcoin, Business, News, Regulation

Asian Countries That Have Contributed To The Growth Of Bitcoin So Far

It is no longer news that bitcoin is the world’s most valuable and most expensive cryptocurrency, neither is it news that the Bitcoin market capitalization is over $270 billion. Moreover, its market cap has established itself far above some blue-chip firms like Visa, Mastercard, Walt Disney, IBM, McDonald’s and many more. Asian Influence on the Bitcoin Market Bitcoin has achieved…

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GMO Internet Group Offers Partial Bitcoin Salary in 2018

Category: Bitcoin, Blockchain, Business, Regulation

GMO Internet Group Offers Partial Bitcoin Salary in 2018

GMO Internet Group (GMO Group), a leader in Japanese IT services, announced December 12, 2017, that it plans to offer portions of salaries in bitcoin to its employees. Employees of GMO Internet Co., Ltd. (GMO Internet) will be the first to have access to this option in February, with plans to expand the program to include employees of all the…

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Charting J-Coin: Japan’s Government Back Leap Into Digital Currency

Category: News

Charting J-Coin: Japan’s Government Back Leap Into Digital Currency

As digital currencies continue to experience soaring interest worldwide, growing numbers of banks and central governments are strategically positioning themselves to capitalize on its advantages. One recent example is in Japan, where Japanese banks announced plans to introduce a digital currency in time for the 2020 Tokyo Olympics. A consortium of banks, led by Mizuho Financial Group and Japan Post…

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Charting The ICO Regulatory Dance: Are Japan and Singapore Next?

Category: Altcoins, Bitcoin, News, Regulation

Charting The ICO Regulatory Dance: Are Japan and Singapore Next?

News of China’s blanket ban on ICOs continues to reverberate through the global cryptocurrency community. On the heels of this groundbreaking development, financial oversight groups in Japan and Singapore are now looking to establish guidelines on how ICOs should be regulated, with the former also intensifying the oversight of bitcoin exchanges. China has discovered that banning ICO’s outright is a…

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