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The TEAMZ Web3/AI Summit is scheduled to be held over two days from April 13th to 14th, 2024, at Toranomon Hills in Tokyo, Japan. The summit will attract over 5,000 participants from Japan and the international Web3 industry to discuss the construction and development of the Web3 ecosystem. Summit homepage: https://en.web3.teamz.co.jp/ Summary of the 2024 Japanese Web3 Market Features/Key Points In 2024, the Japanese market will introduce an official stablecoin The key word for the Japanese Web3 market in 2024 is “stablecoin”. The Japanese government’s Financial Services Agency (FSA) is preparing to approve an official Japanese stablecoin. Currently, several Japanese banks and technology giants, including Circle+SBI, GMO Trust, Mitsubishi Bank+Progmat+Ginco, are positioning themselves in the Japanese stablecoin market. With the introduction of the official Japanese stablecoin, this significant move not only solves the conversion issue between domestic fiat currency and digital cryptocurrencies but also greatly enhances the depth of cooperation between the Japanese Web3 industry and the international Web3 market. Changes in the tax system for corporations and individuals holding digital cryptocurrencies To prevent the outflow of excellent Japanese Web3 entrepreneurs and businesses, and to attract outstanding global Web3 companies to the Japanese market, the Japanese government abolished the tax on digital cryptocurrency valuation based on market value at the end of the period for corporate entities holding digital cryptocurrencies on December 22, 2023. At the same time, the government introduced a reduction in the income tax rate for corporations and individuals holding digital cryptocurrencies The country with the most digital cryptocurrency exchange licenses issued in the world As of now, there are 30 cryptocurrency exchanges in the Japanese market that have been issued trading licenses by the government. All exchanges, especially those in the coin listing sector, follow the regulations of the JVCEA and the Japanese Financial Services Agency…

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Filed under: News - @ February 22, 2024 9:14 am