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Crypto

Japan FSA seeks tax filing exemption for trust-type stablecoins, aims for 2027 rollout

Japan’s Financial Services Agency has asked for trust-type stablecoins to be exempted from tax filing obligations from fiscal 2027. The request seeks to abolish requirements to submit beneficiary-by-beneficiary trust reports and statements that include names and income information. The agency said the framework does not match how such stablecoins circulate and are used, noting they are frequently traded and do not generate income from simple holding. Any change would require legislative approval.

Crypto

Shiba Inu taps Japan institutional market as new exchange picks approved assets

Shiba Inu was included among six approved cryptocurrencies at Laser Digital Japan, a crypto investment firm that completed registration with Japan\'s Financial Services Agency. U.Today reported the FSA approved the firm\'s registration on Aug. 21, marking the first license issued to a new crypto exchange in four years. The firm selected bitcoin, ether, XRP, bitcoin cash, litecoin and Shiba Inu as priority supported assets, enabled by Shiba Inu\'s presence on the JVCEA green list.

Crypto

Japan FSA asks crypto exchanges to delay withdrawals to block fraud

Japan’s Financial Services Agency has asked cryptocurrency exchanges to introduce additional safeguards such as delayed withdrawals and pre-registration of withdrawal addresses. The request is aimed at preventing users from transferring crypto off-platform for a period after depositing fiat currency or buying digital assets. The agency made the request with the National Police Agency in response to rising cases where fraud proceeds are quickly moved out of exchange accounts.