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Tag: Japan

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Bitbank Warns Polymarket Users of Account Freezes since Japan Tightens Prediction Market Scrutiny
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Bitbank cautioned users that their prediction market associated transactions could lead to customer suspension.The exchange particularly mentioned the services provided by Polymarket and other gambling-like sites.Suspended users may not be able to trade, withdraw money, deposit money or… Read full article
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Japan’s 20% Crypto Tax Push: Could Lower Taxes Bring Retail Bitcoin Demand Back to Asia?
Japan is on the cusp of reshaping how it treats crypto gains. For years, retail traders faced complex filings and steep marginal brackets, pushing activity offshore. Now, a legislative push promises a simpler, securities-style regime and a roughly 20% flat… Read full article
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Tokyo-listed Gumi Bets Big on XRP, Plans to Become Japan’s Largest Institutional Holder
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Tokyo-listed game developer Gumi is doubling down on XRP, consolidating ¥14B, worth more than $90M, in assets to become Japan’s largest institutional holder.

The platform stated on Friday that it is restructuring its business into… Read full article
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