Click here to read the release article

https://prtimes.jp/main/html/rd/p/000000020.000058288.html

WaveHack Global is organized by trevary. Inc. which operates one of the largest web3 hackathon platforms in Japan, AKINDO and Hakuhodo Key3. The goal is to distribute more than $500,000 in development support to participating teams from 30 projects in total.

In addition, WaveHackGlobal’s development grant-winning teams will hold demo days and pitch at IVS Crypto and WebX, two large conferences held in the summer.

The full text of the interview can be found here:

https://web.fisco.jp/platform/selected-news/00093400/0009340020240221030

Japan Fintech Week: https://www.fsa.go.jp/policy/japanfintechweek/2024/

DeFi Retreat: https://prtimes.jp/main/html/rd/p/000000002.000137749.html

*Invitation only

Organized by Aleph Zero

Planning and production: FEB Inc.

Media Partners: New Economy, COINPOST, Cointelegraph Japan, CRYPTO TIMES

About Aleph Zero
Aleph Zero blockchain was founded in 2018 to create a fast, secure, scalable and privacy-preserving environment for web3builders. The project raised $15 million in VC and community funding and debuted to the broad market in 2022 after regulatory compliance and peer review of the core technology in Switzerland. Aleph Zero’s team of 50 cryptography, engineering, and business experts is currently focused on incubating application-specific use cases that leverage zero-knowledge and multiparty computation techniques.
Official website: https://alephzero.org/
Official X: https://twitter.com/Aleph__Zero

Expectations and Predictions for 2024 in 100 Words: Leaders in 9 Categories in Web3 Space

https://web.fisco.jp/platform/selected-news/00093400/0009340020240112023

The full text of the interview can be found here:

https://web.fisco.jp/platform/selected-news/00093400/0009340020231201040

https://www.blockchain-th.com/

You can see an interview that our Head of Communication, Tamara, conducted with Sanjay Popli, co-founder of Cryptomind Group on the link below.

https://web.fisco.jp/platform/market-news/0009340020231110026

The event is being hosted for the sixth time by Cryptomind, which operates Bitcoin Addict, the largest crypto media in Thailand. The theme of this year’s event is “Build in Bear, Rise in Bull” and will consist of more than 60 sessions and 150 guest speakers.

The event will feature speakers from world-class blockchain projects and international experts, including Yat Siu, co-founder of Animoca Brands, a Hong Kong-based unicorn company known for its NFT development and investments, and Sebastian Borge, co-founder of Sandbox, More than 40 blockchain industry players will have booths, including XSpring, Cryptomind Group, and Merkle Capital.

About Cryptomind Advisory Co., Ltd.

The first official digital asset advisor in Thailand, Cryptomind Advisory is the organizer of Digital Asset Investment Analysis and Blockchain Thailand Genesis, the largest crypto media in Thailand Bitcoin Addict Thailand, Cryptomind Advisory Blockchain Review, Kim DeFi Daddy, Coinman and other Facebook pages with a total of 500k+ followers.

home

Initially, the service will be offered in 4 countries: Thailand, Vietnam, the Philippines, and Indonesia.

The minimum cost is $500 per month per country.

For more information about the service, please request via the inquiry form.
https://fareastblockchain.com/jp/#contact

Under the revisions to the Funds Settlement Law, issuers in Japan must guarantee the assets backing the stablecoins they introduce. Furthermore, the issuing entities are restricted to certain organizations such as banks, fund transfer agencies, and trust companies. In contrast, for stablecoins issued outside Japan, distributors, not the issuers, bear the responsibility to protect the associated assets.

An additional change is driven by anti-money laundering (AML) efforts. Distributors will be required to maintain a record of all transaction information, thereby increasing transparency and accountability in this rapidly evolving sector.

JPYC Inc., a known issuer of ERC-20 standard prepaid stablecoins for non-crypto assets, is planning to leverage these changes. The company has expressed its intention to register as a fund transfer operator and to launch yen-based stablecoins, highlighting the growing interest in the market.

Progmat, a digital asset issuance, and management platform spearheaded by the Digital Asset Co-Creation Consortium, is also poised to capitalize on the new regulations. The consortium, which includes several major banks, leading securities firms, and over 200 crypto asset exchanges, plans to release Progma Coin, a stablecoin that aligns with domestic regulatory standards.

While the updated law may incentivize various companies and organizations to issue their own stablecoins and develop related products, it’s essential to understand the Japanese government’s objectives. The primary intent does not seem to be to encourage Decentralized Finance (DeFi), which is the prevalent global use case for stablecoins. Rather, the focus appears to be on improving the efficiency of business-to-business (B2B) payments, which are estimated to exceed 1,000 trillion yen annually.

For international crypto projects eyeing the growing demand for stablecoins in the Japanese market, aligning with the Japanese government’s intentions could be crucial. When developing partnerships and implementing products, these intentions need to be considered to successfully navigate this new regulatory landscape.

With Japan at the forefront of crypto regulation, it will be interesting to see how this new law reshapes the crypto market in the years to come. Stay tuned for more updates on Japan’s evolving cryptocurrency landscape.

China’s Regulatory Tango with Crypto:

China’s relationship with cryptocurrencies has been a series of regulatory whipsaws, from banning financial institutions from using Bitcoin in 2013 to a complete prohibition on crypto-related activities in 2021. However, despite the government’s official stance, millions of Chinese-speaking users continue to engage with crypto through VPNs, demonstrating the resilience and tenacity of the blockchain community.

Japan: Rising from the Ashes

Japan was an early adopter, recognizing cryptocurrencies as a legal form of payment in 2017. However, significant hacks and regulatory clampdowns brought a chilling effect to the market. The tides started turning towards the end of 2022 with a renewed positive approach, including plans to lift restrictions on foreign-issued stablecoins and an ambitious aim to become a leading Web3 advanced country by 2025.

Korea: A Paradigm Shift

South Korea, once a crypto heaven, started tightening regulations amid concerns over financial risks. Plans are afoot to levy an additional 20% tax on crypto gains exceeding KRW 2.5 million ($1,900), postponed to 2025. Also, stricter AML and KYC rules are being implemented to increase oversight over crypto exchanges.

The second part of our webinar touched upon the latest Web3 trends in Asia, showcasing new policies and regulations.
China’s New Prodigy: Hong Kong’s Web3 Policy
Japan: Pioneering NFT & Stablecoin Regulations
Korea: Weathering the Terra Incident

This webinar was a riveting journey through the highs and lows of the Asian crypto landscape, highlighting how each country is adapting and innovating in the face of evolving technologies and market dynamics.
And the journey is far from over. We invite you to join us at our next webinar on June 27, 2023, at 1:00 pm UTC, as we delve deeper into the world of crypto.
Apply here:　https://forms.gle/zQc1rapYkLihkzZn8

Whether you’re a seasoned crypto enthusiast or a curious newcomer, we promise you an informative and engaging discussion.
Mark your calendars, set your reminders, and join us for another enlightening session about the fascinating world of cryptocurrency!
Stay tuned for more details and registration links on our website and social media channels.

The full text of the interview can be found here:

https://web.fisco.jp/platform/selected-news/00093400/0009340020230612018