Japan’s Prime Minister Fumio Kishida said on Tuesday that the country plans to improve the environment for Web3 when it comes to using tokens and revitalize the content industry.
Scientists created a crypto portfolio management AI trained with on-chain data
According to the researchers, CryptoRLPM is the first reinforcement learning-based AI system using on-chain metrics for portfolio management.
Sony Network invests in Japanese Web3 startup to spur mass adoption
The deal includes an investment of $3.5 million, a Sony executive moving to Startale Labs and collaboration on new Web3 tools for mass adoption.
Japanese and Singaporean regulators join forces on crypto pilot project
“Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks,” said FSA official Mamoru Yanase.
Japanese Crypto Issuers Won’t Pay Taxes on Unrealized Gains, Govt. Clarifies
Token issuers in the country were subject to a 30% corporate tax for unrealized gains on their own tokens.
Token issuers in Japan exempt from 30% crypto tax on paper gains
Japan’s National Tax Agency published a partial revision of its corporate tax guidelines, implementing new tax rules for token issuers.
Limited generative AI usage to be allowed in Japanese schools
The Japanese Ministry of Education plans to allow limited use of generative AI, like ChatGPT, in elementary, junior high and high schools across the country.
Japan’s Crypto Exchanges Push for 10 Times Leverage on Margin Trading: Bloomberg
The push for revised margin trading caps aims to attract diverse traders, including institutional investors, while enhancing market liquidity.
Stablecoin Regulation Is a Sticking Point Between the G-7 and G-20
Global leaders appear to have reached a consensus on setting up universal rules and standards for most aspects of the crypto sector save for the treatment of stablecoins.
How regulators are mitigating the risk of extinction from AI: Law Decoded, May 29–June 5
There is no shortage of regulatory efforts to mitigate the negative impacts of artificial intelligence.
OpenAI gets warning from Japanese regulators on data collecting
Japanese privacy watchdog warned OpenAI about collection of sensitive data without permission or else further action will be taken.
Japan’s Largest Airline Group ANA Launches NFT Marketplace
All Nippon Airways (ANA) is also working on a metaverse travel experience that will integrate passengers’ flight histories into their digital avatars.
Japanese AI experts raise concern over bots trained on copyrighted material
Takashi Kii, the Member of the House of Representatives for 10 Wards of Fukuoka indicated that he is pushing for regulation to protect copyright holders from being infringed on by AI.
XDC Network gets Japanese foothold via partnership with SBI subsidiary
After a fruitful spring season, the XDC Network expands its presence in the Japanese market via SBI VC Trade.
Japan’s largest airline launches NFT marketplace
The platform is part of All Nippon Airways’ ongoing expansion into the intersection of airlines and Web3.
bitFlyer adopts crypto deposit limits to comply with Travel Rule
While adopting restrictions on transactions between exchanges, bitFlyer still supports transactions to and from self-custody wallets like MetaMask.
Crypto Exchange bitFlyer Aligns Itself With FATF ‘Travel Rule’ With New Restrictions
The company is only allowing crypto and transfers to platforms that comply with Coinbase-led Travel Rule Universal Solution Technology (TRUST).
From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29
Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.
Binance kicks off transition to new platform in Japan
The move follows the acquisition of the regulated crypto exchange Sakura Exchange Bitcoin (SEBC) in November 2022.
Stablecoins Are the ‘Glue’ Between the Real Economy and Blockchain: Binance Japan General Manager
Tsuyoshi Chino added that Binance J.apan may be still “a long way off” its business and activities being properly understood in gaining regulatory acceptance