• Home
  • NFT
  • Metaverse
  • Cryptocurrency
No Result
View All Result
  • Home
  • NFT
  • Metaverse
  • Cryptocurrency
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

Japanese authorities slacken crypto regulations and facilitate listings

admin by admin
October 20, 2022
in Cryptocurrency
0 0
0
Japanese authorities slacken crypto regulations and facilitate listings
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter


The regulating organization for crypto assets in Japan, the Japan Virtual and Crypto Assets Exchange Association (1), published intentions to relax the country’s crypto rules further.

What is to happen

According to Bloomberg, the organization intends to use a less stringent screening procedure for previously approved exchanges to offer virtual currency as early as this year. This would nevertheless apply to tokens already available on the Japanese market.

By March 2024, the authorities might completely do away with the time-consuming pre-screening procedure, even for coins that have just entered the market. According to remarks made by Genki Oda, vice president of the organization, this situation may also apply to tokens issued through initial crypto or exchange offers.

What’s the purpose of this exercise?

With these new initiatives, Japanese officials seek to revitalize the local cryptocurrency ecosystem and make it simpler for entrepreneurs to get into the market. On October 14, the Japanese government’s cabinet decided to update the legislation governing money laundering (2). This implies that companies that enable the exchange of cryptocurrency assets must divulge user information and alert the company owners. As the government updates rules and regulations, Japan has recently considered the expanding crypto scene. In August, officials declared they would consider adopting tax adjustments to keep crypto firms from fleeing.

Soon after, Japanese crypto organizations urged regulators to stop taxing paper gains. In a speech on October 3, Japanese Prime Minister Fumio Kishida declared that the nation would work to encourage the adoption of novel Web3 technology (3). He specifically referenced the Metaverse and the use of nonfungible tokens (NFTs). The Japanese government gave NFTs to local authorities as a prize for their hard work in September of this year.



Source link

Previous Post

Airdrop Alert! Blur Storms in to Shake Up the NFT Industry

Next Post

Vayner3 and Cheetos Launch “Chesterville” Metaverse

admin

admin

Next Post
Vayner3 and Cheetos Launch “Chesterville” Metaverse

Vayner3 and Cheetos Launch “Chesterville” Metaverse

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
CoinShare CSO: BTC will hit an all-time high in 24 months

CoinShare CSO: BTC will hit an all-time high in 24 months

July 13, 2022
This Indian Couple Decided to Hold a Hogwarts-themed Metaverse Wedding Reception

This Indian Couple Decided to Hold a Hogwarts-themed Metaverse Wedding Reception

June 25, 2022
All About The Game, NFT Price, and New Mints

All About The Game, NFT Price, and New Mints

July 2, 2023
Valkyrie Firmly Steps into Ether Futures Territory

Valkyrie Firmly Steps into Ether Futures Territory

August 17, 2023
Reshaping & Innovating the Music Industry Through NFTs

Reshaping & Innovating the Music Industry Through NFTs

0
Fixing Broken Gamenomics: How to End Infinite Selling Pressure in P2E Gaming Economies

Fixing Broken Gamenomics: How to End Infinite Selling Pressure in P2E Gaming Economies

0
CryptoArt Sundays: Interview with Bushra Khan

CryptoArt Sundays: Interview with Bushra Khan

0
Big Time Readies Early Access for Gold VIP Pass Holders

Big Time Readies Early Access for Gold VIP Pass Holders

0
Hyperliquid Lists MON

Hyperliquid Lists MON

October 10, 2025
YZi Labs Launches $1 Billion Builder Fund for BNB Ecosystem

YZi Labs Launches $1 Billion Builder Fund for BNB Ecosystem

October 9, 2025
Standard Chartered: Bitcoin Will Hit $200,000 by the End of 2025

Standard Chartered: Bitcoin Will Hit $200,000 by the End of 2025

October 7, 2025
Aster Delisted From DeFiLlama’s Perpetual DEX Ranking

Aster Delisted From DeFiLlama’s Perpetual DEX Ranking

October 6, 2025

Recommended

Hyperliquid Lists MON

Hyperliquid Lists MON

October 10, 2025
YZi Labs Launches $1 Billion Builder Fund for BNB Ecosystem

YZi Labs Launches $1 Billion Builder Fund for BNB Ecosystem

October 9, 2025
Standard Chartered: Bitcoin Will Hit $200,000 by the End of 2025

Standard Chartered: Bitcoin Will Hit $200,000 by the End of 2025

October 7, 2025
Aster Delisted From DeFiLlama’s Perpetual DEX Ranking

Aster Delisted From DeFiLlama’s Perpetual DEX Ranking

October 6, 2025

About Us

We bring you the latest NFT News and update from all around the Internet!

Categories

  • Cryptocurrency
  • Metaverse
  • NFT
No Result
View All Result
  • Home
  • NFT
  • Metaverse
  • Cryptocurrency

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist