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Japan
Bitcoin Drifting Lower As Crypto Winter Persists
Bitcoin (BTC) drifted lower to around $16,600 in Tuesday trading as crypto prices remain frozen amid a prolonged winter. Umee Founder and CEO Brent Xu discusses crypto's lack of volatility and the impact of recent bankruptcy filings on crypto debt platforms' reputation. Plus, his markets outlook and insights on exchange Kraken ending operations in Japan.

First Mover Americas: Sunset for Kraken in Japan
The latest price moves in crypto markets in context for Dec. 28, 2022.

Crypto Exchange Kraken to End Japan Operations
The company will close shop in the country at the end of January.

Japan Plans to Allow Local Listing of 'Foreign' Stablecoins Such as USDT and USDC: Nikkei
The Financial Services Agency is seeking feedback on new stablecoin regulations set to take effect in 2023.

Bitcoin Gains 2%, Stocks Drop as Bank of Japan Allows Benchmark Bond Yields to Rise
The BOJ unexpectedly lifted the cap on the 10-year Japanese government bond yields to 0.5% from 0.25%, ending the prolonged period of near-zero yields.

Japan to Exempt Token Issuers From Corporate Tax on Unrealized Gains
Project founders will no longer be subject to hefty taxes which forced them abroad from next April onwards.

Major Japanese Utility Works With Local Hardware Maker to Capitalize on Excess Power With Crypto Mining
The utility behind the Fukushima nuclear reactor is trying out crypto mining.

Japan Was the Safest Place to Be an FTX Customer
As regulators look to regulate exchanges in light of the FTX's collapse, they would do well to look to Japan, which has some of the most mature rules in the world.

Japanese Regulator Extends FTX Japan’s Suspension as Users Wait for Their Funds
The Financial Services Agency ordered that operations stay suspended for another three months.

FTX Japan Plans to Restart Local Customer Withdrawals
The crypto exchange's subsidiary has confirmed Japanese customer funds will remain separate from the ongoing bankruptcy proceedings in the U.S.
