4 Things To Do To Prepare For Filing Crypto Taxes on July 15
The tax year for 2019 is the first time the IRS has a question about cryptocurrencies. And it is right up front at question 0. The official IRS guidance says that Bitcoin and other cryptocurrencies should be treated as property…
Bank of Japan Publishes Report on Central Bank Digital Currency, Moves to Study Technical Issues by Experimenting with Digital Yen
On July 2, the Bank of Japan (BoJ), Japan’s central bank, published a report titled “Technical challenges of CBDC: Central Bank Digital Currency as the cash equivalent.†In this report, the BoJ focuses on the technical aspects of central bank…
Digital graduation letter issued using blockchain technology
Japan-based LasTrust Inc., an issuer of certificates using blockchain, has started providing a blockchain graduation letter that digitizes paper-based graduation letters using CloudCerts, a platform designed to issue certificates using blockchain technology. The service helps to reduce unnecessary visits to…
Doing Business Under COVID-19: Going Online to Weather the Storm
At the time of this writing, there are now unprecedented restrictions being put in place to prevent the spread of the 2019 novel coronavirus or COVID-19, its official designation by the World Health Organization. These actions have been proposed as…
Active trend to issue local gift certificates using blockchain technology in Japan
On June 18, SBI Holdings (securities code: 8473) announced that it had started providing services for digitalizing FY2020 premium local gift certificates issued by the Ukiha City Society of Commerce and Industry, Fukuoka Prefecture. When digitizing premium gift certificates,…
Coincheck adds NEM and Qtum to periodic purchases
On June 9, Japan’s leading cryptocurrency exchange, Coincheck, started handling new cryptocurrencies, NEM and Qtum, in Coincheck periodic purchases. In addition, it raised the maximum amount of periodic purchases (sum of periodic purchases in each cryptocurrency) from 100,000 yen to…
Sumitomo Mitsui Trust Bank joins Japan Security Token Offering Association
On June 1, Sumitomo Mitsui Trust Bank, a subsidiary of Sumitomo Mitsui Trust Holdings (securities code: 8309), joined the Japan Security Token Offering Association, a self-regulatory organization for security token offerings (STO: financing through digital securities) formed by leading securities…
GMO Coin user survey: Most expect BTC to perform better than XRP
In a survey conducted by Japan-based GMO Financial Holdings, Inc. (securities code: 7177) on users of GMO Coin, Inc., a consolidated subsidiary of GMO Financial Holdings that operates a cryptocurrency exchange, about 70% of respondents replied that they have positive…
Is the media report that Satoshi Nakamoto’s Bitcoins were moved true or false?
On May 21, Bitcoins (BTC) in block 3654 were moved. Of 50 BTCs at the address, 10 were moved, some of which were transferred to the US-based Coinbase. Because these coins were mined 37 days after the launch of BTC,…
Bitcoin’s fundamentals remain strong after the halving
The Bitcoin (BTC) halving was executed successfully. The milepost created a lot of excitement inside the industry with events organized around it, including a long discussion program. A small online reception was held in Japan, providing a great opportunity…