BREAKING NEWS

Japan Reconsidering Crypto Rules Japan is reportedly considering loosening its crypto rules as a growing number of firms explore blockchain technology. While Prime Minister Fumio Kishida has prioritized Web3, it remains to be seen if his successor would favor regulatory adjustments to crypto. Under Prime Minister Kishida’s leadership, Japanese regulators made it easier to list tokens. The country also drafted stablecoin rules and developed a framework for crypto exchanges to protect investors. Japanese firms exploring blockchain initiatives include Sony, Nippon Telegraph and Telephone, Mitsubishi UFJ Financial Group, and Toyota Motor. This week, Sony Block Solution Labs and Circle announced a collaboration to drive innovation and creativity through decentralized technologies on the Soneium blockchain ecosystem. “By integrating Circle’s financial infrastructure with Soneium, we are set to redefine the landscape of digital entertainment and finance.”