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The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

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November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

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November 24, 2024

Artificial Intelligence

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Adoption

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December 3, 2024

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\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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May 29, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

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Follow The Distributed

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\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

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Follow The Distributed

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\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

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\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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May 29, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

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Follow The Distributed

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\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

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\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Follow The Distributed

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\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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November 24, 2024

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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November 24, 2024

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

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December 3, 2024

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Follow The Distributed

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ADVERTISEMENT

\n
The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The Bitcoins total 117.7, with a value of $7.19 million.<\/li>\n\n\n\n
The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
The Bitcoins total 117.7, with a value of $7.19 million.<\/li>\n\n\n\n
The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Under the latest Nomura partnership, users will benefit from regulatory compliance, in addition to blockchain integration and backend transactions. The service also supports firms looking to issue stablecoins in Japan.<\/p>\n","post_title":"Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nomura-holdings-partners-with-gmo-group-for-stablecoin-issuance-in-japan","to_ping":"","pinged":"","post_modified":"2024-05-29 20:14:44","post_modified_gmt":"2024-05-29 10:14:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17131","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16902,"post_author":"21","post_date":"2024-05-28 18:53:53","post_date_gmt":"2024-05-28 08:53:53","post_content":"\n
\n
The Bitcoins total 117.7, with a value of $7.19 million.<\/li>\n\n\n\n
The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

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\n
Under Japan's existing laws, only licensed financial institutions and trusts can issue stablecoins. The stablecoins must be pegged to an underlying currency such as the yen or US dollar.<\/p>\n\n\n\n
Under the latest Nomura partnership, users will benefit from regulatory compliance, in addition to blockchain integration and backend transactions. The service also supports firms looking to issue stablecoins in Japan.<\/p>\n","post_title":"Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nomura-holdings-partners-with-gmo-group-for-stablecoin-issuance-in-japan","to_ping":"","pinged":"","post_modified":"2024-05-29 20:14:44","post_modified_gmt":"2024-05-29 10:14:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17131","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16902,"post_author":"21","post_date":"2024-05-28 18:53:53","post_date_gmt":"2024-05-28 08:53:53","post_content":"\n
\n
The Bitcoins total 117.7, with a value of $7.19 million.<\/li>\n\n\n\n
The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

May 29, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
The partnership comes when Japan has been at the forefront of enhancing<\/a> stablecoin growth in the country. The government has preferred the regulatory route, with the 2022 bill<\/a> classifying the asset class as non-securities, needing FSA registration.<\/p>\n\n\n\n
Under Japan's existing laws, only licensed financial institutions and trusts can issue stablecoins. The stablecoins must be pegged to an underlying currency such as the yen or US dollar.<\/p>\n\n\n\n
Under the latest Nomura partnership, users will benefit from regulatory compliance, in addition to blockchain integration and backend transactions. The service also supports firms looking to issue stablecoins in Japan.<\/p>\n","post_title":"Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nomura-holdings-partners-with-gmo-group-for-stablecoin-issuance-in-japan","to_ping":"","pinged":"","post_modified":"2024-05-29 20:14:44","post_modified_gmt":"2024-05-29 10:14:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17131","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16902,"post_author":"21","post_date":"2024-05-28 18:53:53","post_date_gmt":"2024-05-28 08:53:53","post_content":"\n
\n
The Bitcoins total 117.7, with a value of $7.19 million.<\/li>\n\n\n\n
The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Expanding The Japanese Stablecoin Market<\/h2>\n\n\n\n
The partnership comes when Japan has been at the forefront of enhancing<\/a> stablecoin growth in the country. The government has preferred the regulatory route, with the 2022 bill<\/a> classifying the asset class as non-securities, needing FSA registration.<\/p>\n\n\n\n
Under Japan's existing laws, only licensed financial institutions and trusts can issue stablecoins. The stablecoins must be pegged to an underlying currency such as the yen or US dollar.<\/p>\n\n\n\n
Under the latest Nomura partnership, users will benefit from regulatory compliance, in addition to blockchain integration and backend transactions. The service also supports firms looking to issue stablecoins in Japan.<\/p>\n","post_title":"Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nomura-holdings-partners-with-gmo-group-for-stablecoin-issuance-in-japan","to_ping":"","pinged":"","post_modified":"2024-05-29 20:14:44","post_modified_gmt":"2024-05-29 10:14:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17131","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16902,"post_author":"21","post_date":"2024-05-28 18:53:53","post_date_gmt":"2024-05-28 08:53:53","post_content":"\n
\n
The Bitcoins total 117.7, with a value of $7.19 million.<\/li>\n\n\n\n
The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related: <\/em><\/strong>FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors<\/a><\/p>\n\n\n\n
Expanding The Japanese Stablecoin Market<\/h2>\n\n\n\n
The partnership comes when Japan has been at the forefront of enhancing<\/a> stablecoin growth in the country. The government has preferred the regulatory route, with the 2022 bill<\/a> classifying the asset class as non-securities, needing FSA registration.<\/p>\n\n\n\n
Under Japan's existing laws, only licensed financial institutions and trusts can issue stablecoins. The stablecoins must be pegged to an underlying currency such as the yen or US dollar.<\/p>\n\n\n\n
Under the latest Nomura partnership, users will benefit from regulatory compliance, in addition to blockchain integration and backend transactions. The service also supports firms looking to issue stablecoins in Japan.<\/p>\n","post_title":"Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nomura-holdings-partners-with-gmo-group-for-stablecoin-issuance-in-japan","to_ping":"","pinged":"","post_modified":"2024-05-29 20:14:44","post_modified_gmt":"2024-05-29 10:14:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17131","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16902,"post_author":"21","post_date":"2024-05-28 18:53:53","post_date_gmt":"2024-05-28 08:53:53","post_content":"\n
\n
The Bitcoins total 117.7, with a value of $7.19 million.<\/li>\n\n\n\n
The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"We're excited to explore this project and the 'stablecoin-as-a-service' solution. As the digital asset landscape evolves, the development of a stablecoin for use in the Japanese market will be key to expanding the accessibility and adoption of digital assets in Japan and beyond.\"<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors<\/a><\/p>\n\n\n\n
Expanding The Japanese Stablecoin Market<\/h2>\n\n\n\n
The partnership comes when Japan has been at the forefront of enhancing<\/a> stablecoin growth in the country. The government has preferred the regulatory route, with the 2022 bill<\/a> classifying the asset class as non-securities, needing FSA registration.<\/p>\n\n\n\n
Under Japan's existing laws, only licensed financial institutions and trusts can issue stablecoins. The stablecoins must be pegged to an underlying currency such as the yen or US dollar.<\/p>\n\n\n\n
Under the latest Nomura partnership, users will benefit from regulatory compliance, in addition to blockchain integration and backend transactions. The service also supports firms looking to issue stablecoins in Japan.<\/p>\n","post_title":"Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nomura-holdings-partners-with-gmo-group-for-stablecoin-issuance-in-japan","to_ping":"","pinged":"","post_modified":"2024-05-29 20:14:44","post_modified_gmt":"2024-05-29 10:14:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17131","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16902,"post_author":"21","post_date":"2024-05-28 18:53:53","post_date_gmt":"2024-05-28 08:53:53","post_content":"\n
\n
The Bitcoins total 117.7, with a value of $7.19 million.<\/li>\n\n\n\n
The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
In a Monday announcement<\/a>, Nomura Holdings president and Group CEO Kentaro Okuda lauded the potential of stablecoins in enhancing digital access and innovation in Japan. The partnership also includes Laser Digital Holdings, a trading solutions and digital asset management enterprise for Nomura Holdings. Laser Digital's Executive Chairman commented:<\/p>\n\n\n\n
\"We're excited to explore this project and the 'stablecoin-as-a-service' solution. As the digital asset landscape evolves, the development of a stablecoin for use in the Japanese market will be key to expanding the accessibility and adoption of digital assets in Japan and beyond.\"<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors<\/a><\/p>\n\n\n\n
Expanding The Japanese Stablecoin Market<\/h2>\n\n\n\n
The partnership comes when Japan has been at the forefront of enhancing<\/a> stablecoin growth in the country. The government has preferred the regulatory route, with the 2022 bill<\/a> classifying the asset class as non-securities, needing FSA registration.<\/p>\n\n\n\n
Under Japan's existing laws, only licensed financial institutions and trusts can issue stablecoins. The stablecoins must be pegged to an underlying currency such as the yen or US dollar.<\/p>\n\n\n\n
Under the latest Nomura partnership, users will benefit from regulatory compliance, in addition to blockchain integration and backend transactions. The service also supports firms looking to issue stablecoins in Japan.<\/p>\n","post_title":"Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nomura-holdings-partners-with-gmo-group-for-stablecoin-issuance-in-japan","to_ping":"","pinged":"","post_modified":"2024-05-29 20:14:44","post_modified_gmt":"2024-05-29 10:14:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17131","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16902,"post_author":"21","post_date":"2024-05-28 18:53:53","post_date_gmt":"2024-05-28 08:53:53","post_content":"\n
\n
The Bitcoins total 117.7, with a value of $7.19 million.<\/li>\n\n\n\n
The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

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\n
Banking and investment giant Nomura Holdings has teamed up with GMO Internet Group to explore the offerings of fiat-backed stablecoins<\/a> in Japan. The two companies will focus on the issuance and circulation of the Japanese yen and the US dollar-pegged stablecoins. Other areas are regulatory compliance and stablecoins-as-a-service.\u00a0<\/p>\n\n\n\n
In a Monday announcement<\/a>, Nomura Holdings president and Group CEO Kentaro Okuda lauded the potential of stablecoins in enhancing digital access and innovation in Japan. The partnership also includes Laser Digital Holdings, a trading solutions and digital asset management enterprise for Nomura Holdings. Laser Digital's Executive Chairman commented:<\/p>\n\n\n\n
\"We're excited to explore this project and the 'stablecoin-as-a-service' solution. As the digital asset landscape evolves, the development of a stablecoin for use in the Japanese market will be key to expanding the accessibility and adoption of digital assets in Japan and beyond.\"<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors<\/a><\/p>\n\n\n\n
Expanding The Japanese Stablecoin Market<\/h2>\n\n\n\n
The partnership comes when Japan has been at the forefront of enhancing<\/a> stablecoin growth in the country. The government has preferred the regulatory route, with the 2022 bill<\/a> classifying the asset class as non-securities, needing FSA registration.<\/p>\n\n\n\n
Under Japan's existing laws, only licensed financial institutions and trusts can issue stablecoins. The stablecoins must be pegged to an underlying currency such as the yen or US dollar.<\/p>\n\n\n\n
Under the latest Nomura partnership, users will benefit from regulatory compliance, in addition to blockchain integration and backend transactions. The service also supports firms looking to issue stablecoins in Japan.<\/p>\n","post_title":"Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nomura-holdings-partners-with-gmo-group-for-stablecoin-issuance-in-japan","to_ping":"","pinged":"","post_modified":"2024-05-29 20:14:44","post_modified_gmt":"2024-05-29 10:14:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17131","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16902,"post_author":"21","post_date":"2024-05-28 18:53:53","post_date_gmt":"2024-05-28 08:53:53","post_content":"\n
\n
The Bitcoins total 117.7, with a value of $7.19 million.<\/li>\n\n\n\n
The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan

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Type your email here

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Japan has favored the regulatory route in stablecoin exploration.<\/li>\n<\/ul>\n\n\n\n
Banking and investment giant Nomura Holdings has teamed up with GMO Internet Group to explore the offerings of fiat-backed stablecoins<\/a> in Japan. The two companies will focus on the issuance and circulation of the Japanese yen and the US dollar-pegged stablecoins. Other areas are regulatory compliance and stablecoins-as-a-service.\u00a0<\/p>\n\n\n\n
In a Monday announcement<\/a>, Nomura Holdings president and Group CEO Kentaro Okuda lauded the potential of stablecoins in enhancing digital access and innovation in Japan. The partnership also includes Laser Digital Holdings, a trading solutions and digital asset management enterprise for Nomura Holdings. Laser Digital's Executive Chairman commented:<\/p>\n\n\n\n
\"We're excited to explore this project and the 'stablecoin-as-a-service' solution. As the digital asset landscape evolves, the development of a stablecoin for use in the Japanese market will be key to expanding the accessibility and adoption of digital assets in Japan and beyond.\"<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors<\/a><\/p>\n\n\n\n
Expanding The Japanese Stablecoin Market<\/h2>\n\n\n\n
The partnership comes when Japan has been at the forefront of enhancing<\/a> stablecoin growth in the country. The government has preferred the regulatory route, with the 2022 bill<\/a> classifying the asset class as non-securities, needing FSA registration.<\/p>\n\n\n\n
Under Japan's existing laws, only licensed financial institutions and trusts can issue stablecoins. The stablecoins must be pegged to an underlying currency such as the yen or US dollar.<\/p>\n\n\n\n
Under the latest Nomura partnership, users will benefit from regulatory compliance, in addition to blockchain integration and backend transactions. The service also supports firms looking to issue stablecoins in Japan.<\/p>\n","post_title":"Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nomura-holdings-partners-with-gmo-group-for-stablecoin-issuance-in-japan","to_ping":"","pinged":"","post_modified":"2024-05-29 20:14:44","post_modified_gmt":"2024-05-29 10:14:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17131","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16902,"post_author":"21","post_date":"2024-05-28 18:53:53","post_date_gmt":"2024-05-28 08:53:53","post_content":"\n
\n
The Bitcoins total 117.7, with a value of $7.19 million.<\/li>\n\n\n\n
The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The stablecoin exploration is expected to increase the uptake of digital assets in Japan.<\/li>\n\n\n\n
Japan has favored the regulatory route in stablecoin exploration.<\/li>\n<\/ul>\n\n\n\n
Banking and investment giant Nomura Holdings has teamed up with GMO Internet Group to explore the offerings of fiat-backed stablecoins<\/a> in Japan. The two companies will focus on the issuance and circulation of the Japanese yen and the US dollar-pegged stablecoins. Other areas are regulatory compliance and stablecoins-as-a-service.\u00a0<\/p>\n\n\n\n
In a Monday announcement<\/a>, Nomura Holdings president and Group CEO Kentaro Okuda lauded the potential of stablecoins in enhancing digital access and innovation in Japan. The partnership also includes Laser Digital Holdings, a trading solutions and digital asset management enterprise for Nomura Holdings. Laser Digital's Executive Chairman commented:<\/p>\n\n\n\n
\"We're excited to explore this project and the 'stablecoin-as-a-service' solution. As the digital asset landscape evolves, the development of a stablecoin for use in the Japanese market will be key to expanding the accessibility and adoption of digital assets in Japan and beyond.\"<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors<\/a><\/p>\n\n\n\n
Expanding The Japanese Stablecoin Market<\/h2>\n\n\n\n
The partnership comes when Japan has been at the forefront of enhancing<\/a> stablecoin growth in the country. The government has preferred the regulatory route, with the 2022 bill<\/a> classifying the asset class as non-securities, needing FSA registration.<\/p>\n\n\n\n
Under Japan's existing laws, only licensed financial institutions and trusts can issue stablecoins. The stablecoins must be pegged to an underlying currency such as the yen or US dollar.<\/p>\n\n\n\n
Under the latest Nomura partnership, users will benefit from regulatory compliance, in addition to blockchain integration and backend transactions. The service also supports firms looking to issue stablecoins in Japan.<\/p>\n","post_title":"Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nomura-holdings-partners-with-gmo-group-for-stablecoin-issuance-in-japan","to_ping":"","pinged":"","post_modified":"2024-05-29 20:14:44","post_modified_gmt":"2024-05-29 10:14:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17131","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16902,"post_author":"21","post_date":"2024-05-28 18:53:53","post_date_gmt":"2024-05-28 08:53:53","post_content":"\n
\n
The Bitcoins total 117.7, with a value of $7.19 million.<\/li>\n\n\n\n
The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
The stablecoin exploration is expected to increase the uptake of digital assets in Japan.<\/li>\n\n\n\n
Japan has favored the regulatory route in stablecoin exploration.<\/li>\n<\/ul>\n\n\n\n
Banking and investment giant Nomura Holdings has teamed up with GMO Internet Group to explore the offerings of fiat-backed stablecoins<\/a> in Japan. The two companies will focus on the issuance and circulation of the Japanese yen and the US dollar-pegged stablecoins. Other areas are regulatory compliance and stablecoins-as-a-service.\u00a0<\/p>\n\n\n\n
In a Monday announcement<\/a>, Nomura Holdings president and Group CEO Kentaro Okuda lauded the potential of stablecoins in enhancing digital access and innovation in Japan. The partnership also includes Laser Digital Holdings, a trading solutions and digital asset management enterprise for Nomura Holdings. Laser Digital's Executive Chairman commented:<\/p>\n\n\n\n
\"We're excited to explore this project and the 'stablecoin-as-a-service' solution. As the digital asset landscape evolves, the development of a stablecoin for use in the Japanese market will be key to expanding the accessibility and adoption of digital assets in Japan and beyond.\"<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors<\/a><\/p>\n\n\n\n
Expanding The Japanese Stablecoin Market<\/h2>\n\n\n\n
The partnership comes when Japan has been at the forefront of enhancing<\/a> stablecoin growth in the country. The government has preferred the regulatory route, with the 2022 bill<\/a> classifying the asset class as non-securities, needing FSA registration.<\/p>\n\n\n\n
Under Japan's existing laws, only licensed financial institutions and trusts can issue stablecoins. The stablecoins must be pegged to an underlying currency such as the yen or US dollar.<\/p>\n\n\n\n
Under the latest Nomura partnership, users will benefit from regulatory compliance, in addition to blockchain integration and backend transactions. The service also supports firms looking to issue stablecoins in Japan.<\/p>\n","post_title":"Nomura Holdings Partners With GMO Group For Stablecoin Issuance in Japan","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nomura-holdings-partners-with-gmo-group-for-stablecoin-issuance-in-japan","to_ping":"","pinged":"","post_modified":"2024-05-29 20:14:44","post_modified_gmt":"2024-05-29 10:14:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17131","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16902,"post_author":"21","post_date":"2024-05-28 18:53:53","post_date_gmt":"2024-05-28 08:53:53","post_content":"\n
\n
The Bitcoins total 117.7, with a value of $7.19 million.<\/li>\n\n\n\n
The company cites the deterioration of the Japanese yen.<\/li>\n<\/ul>\n\n\n\n
Publicly listed Japanese investment firm Metaplanet has officially announced the addition of Bitcoin as a reserve asset to its portfolio. The May 13 announcement<\/a> indicated that the purchase was prompted by the continued bleeding of the Japanese Yen.<\/p>\n\n\n\n
The disclosure comes days after the company issued a notice concerning the Bitcoin acquisition. The company indicated a total of 117.7 Bitcoin purchases, equivalent to $7.19 million at the price of $65,000 per BTC. <\/p>\n\n\n\n
The latest move also underscores Metaplanet\u2019s Bitcoin endeavors. The company said in its latest statement:\u00a0<\/p>\n\n\n\n
\u201cThis strategic decision is driven by both the need to mitigate the yen currency risks associated with Japan's fiscal policies, as well as the opportunity to capitalize on the continued monetization process of bitcoin as it steadily entrenches itself across the balance sheets of the world.\u201d<\/em><\/p>\n\n\n\n
See Related: <\/em><\/strong>MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n
A Bitcoin-Focused Strategy<\/h2>\n\n\n\n
The 3.5-billion-yen ($20 million) market cap company elicited a buzz on social media in April, after announcing a Bitcoin-focused strategy. The company made its initial Bitcoin purchase for approximately $6.5 million. The purchase fueled Metaplanet's share price by up to 75% on the Tokyo Stock Exchange.<\/p>\n\n\n\n
On May 7, Metaplanet announced<\/a> the appointment of Dylan LeClair as its director of Bitcoin Strategy. The company lauded LeClair as a prominent Bitcoin advocate, who also holds expertise in macroeconomic analysis. CEO Simon Gerovich took to X, calling it \u201cjust the beginning.\u201d<\/p>\n\n\n\n
Meanwhile, the Japanese Yen has been under pressure over the past three years. The currency has also been the worst performer among major currencies against the dollar in 2024, hitting record lows since the 1990s in April. However, the country has been positioning<\/a> itself for crypto innovation, preferring the regulatory route for companies.<\/p>\n","post_title":"Japan\u2019s Metaplanet Announces Addition Of BTCs To Its Reserve Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-metaplanet-announces-addition-of-btcs-to-its-reserve-assets","to_ping":"","pinged":"","post_modified":"2024-05-28 18:53:57","post_modified_gmt":"2024-05-28 08:53:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16902","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15632,"post_author":"21","post_date":"2024-02-29 22:49:28","post_date_gmt":"2024-02-29 11:49:28","post_content":"\n
\n
The halt occurs after token withdrawals and the CEO's resignation in January.<\/li>\n\n\n\n
BitForex has been under regulatory pressure in Japan and faces claims of fake trading volumes.<\/li>\n<\/ul>\n\n\n\n
Users of Hong Kong-based cryptocurrency exchange BitForex are reportedly<\/a> experiencing withdrawal issues. The exchange has not given reasons for stopping the withdrawals, and its team is unresponsive to user requests.<\/p>\n\n\n\n
The withdrawal halt happened after three hot wallets of the crypto exchange witnessed outflows of approximately $56.5 million. This comes barely a month after Jason Luo stepped down<\/a> as BitForex CEO after serving six years at the company. The exchange has also not updated its X (formerly Twitter) account since May 2023.<\/p>\n\n\n\n
The string of events elicits concerns among troubled customers who haven\u2019t received official communication from the exchange. Some users reported having problems with the accounts, including being unable to enter them into the dashboard. Other users reported being blocked from accessing BitForex\u2019s website.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Dumped $1B Holding In Grayscale, Nearly Half Of Outflows After Fund Conversion<\/a><\/p>\n\n\n\n
Illegal Operations in Japan<\/h2>\n\n\n\n
While it is unclear what prompted BitForex to cease withdrawals, the crypto exchange has been under regulatory pressure<\/a>. In April 2023, BitForex was accused of violating Japan\u2019s fund settlement laws. According to Japan\u2019s Financial Services Agency (FSA), the exchange also operated without proper registration.<\/p>\n\n\n\n
The troubles are a big blow to an exchange that was once leading by daily trading volumes last year. As of September 2023, the daily trading volume at BitForex was recorded at $2.6 billion. However, a 2019 Chainalysis report claimed<\/a> that the exchange had been faking its trading volumes.<\/p>\n","post_title":"BitForex Stops Withdrawals Without Notice Amid Reported Outflows Of $56.5M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitforex-stops-withdrawals-without-notice-amid-reported-outflows-of-56-5m","to_ping":"","pinged":"","post_modified":"2024-02-29 22:53:21","post_modified_gmt":"2024-02-29 11:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15632","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15545,"post_author":"21","post_date":"2024-02-22 11:30:52","post_date_gmt":"2024-02-22 00:30:52","post_content":"\n
\n
The bill has been presented to the parliament for debate and approval.<\/li>\n\n\n\n
Japan has taken a cautious approach to crypto, with recent moves highlighting a softer stance.<\/li>\n<\/ul>\n\n\n\n
Japan\u2019s capital firms and investment funds could soon start holding crypto assets in their portfolio. This came after the cabinet approved<\/a> a bill that proposed amendments to Japan\u2019s Industrial Competitiveness Enhancement Act. According to the bill,<\/p>\n\n\n\n
\u201cmeasures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships.\u201d<\/em><\/p>\n\n\n\n
Following the approval, Japan will submit the bill for debate in the country\u2019s parliament. If legislators pass it into law, venture capital firms could start funding Web 3.0 startups. The proposed law is part of the broader measures taken by Japan to spur innovation in strategic sectors, including electric vehicles, green energy, and semiconductors.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy's Registration Has Been Approved(Opens in a new browser tab)<\/a><\/p>\n\n\n\n
Move Cements Japan\u2019s Growing Role As A Capital Firms And Investment Funds<\/h2>\n\n\n\n
Japan has been making critical inroads<\/a> in the crypto sector as it positions itself to become a hub of innovation. In September 2023, the government started allowing businesses and startups to raise funds by issuing crypto assets.\u00a0<\/p>\n\n\n\n
On December 24, 2023, Japan\u2019s Osaka Digital Exchange Co. began allowing the trading of digital securities. Earlier this year, Mercari<\/a>, a leading Japanese e-commerce store, started allowing purchases of in-app listed products through Bitcoin.<\/p>\n\n\n\n
However, Japan is still viewed as a crypto-rigid jurisdiction, with the country preferring the regulatory route to digital asset exploration. The recent easing of restrictions is positive, as the government seeks more competition and innovation in the emerging sectors.  <\/p>\n","post_title":"Japan\u2019s Government Approves Bill Allowing Venture Capital Firms To Hold Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-government-approves-bill-allowing-venture-capital-firms-to-hold-crypto","to_ping":"","pinged":"","post_modified":"2024-02-22 11:30:57","post_modified_gmt":"2024-02-22 00:30:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15545","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14938,"post_author":"21","post_date":"2024-01-10 05:27:37","post_date_gmt":"2024-01-09 18:27:37","post_content":"\n
Japan's e-commerce giant Mercari to offer Bitcoin payments option<\/p>\n\n\n\n
\n
Mercari will allow users to pay for goods in Bitcoin, supported by its blockchain subsidiary, Mercoin.<\/li>\n\n\n\n
The move will make Bitcoin payments available to 22 million monthly users.<\/li>\n<\/ul>\n\n\n\n
Mercari, one of the largest e-commerce marketplaces in Japan, will start allowing Bitcoin payments in June. According to local reports<\/a>, Mercari will support Bitcoin payments via its Tokyo-based blockchain subsidiary, Mercoin.\u00a0<\/p>\n\n\n\n
The e-commerce giant intends to quote the price of in-app listings in Japanese yen, but users can pay using Bitcoin. However, sellers on the marketplace will receive payments in the local currency after the cryptocurrency is converted for fiat through the blockchain partner.<\/p>\n\n\n\n
Mercari's move underlines the platform's commitment to innovation and desire to attract a growing segment of digital-savvy clientele. In March 2023, the company initiated a Bitcoin trading service as it makes inroads into the world of digital assets. The platform also allows users to swap their loyalty points for the cryptocurrency.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Japanese Port City Aims To Be The Web3 Hub For The Country<\/a><\/p>\n\n\n\n
Bitcoin Payments Cement Japan's Crypto Status<\/h2>\n\n\n\n
The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n
Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n
With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n
The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\nThe Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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