Bitcoin Cash rises[Weekly Review: 6/24-6/30]| CoinDesk JAPAN

When positive news came from the United States, Japan alsopositive news. One hurdle for project promotion on the premise of token issuance has been lowered.

Overhaul of crypto-asset taxation: a big step forward!

It was in the form of a document (notice of legal interpretation) from the Director General of the National Tax Agency to the directors of regional tax bureaus and the director of the Okinawa Regional Taxation Office, but the end-of-term mark-to-market taxation will be officially relaxed when crypto assets are issued and held by the company. became. A big step forward for Japanese crypto startups and projects.

Bitcoin Cash: It’s been a long time coming

Bitcoin Cash (BCH), which was born by hard forking (branching) from Bitcoin in 2017, has attracted attention for the first time in a while. The reason is that it was selected as one of the four crypto assets handled by EDX Markets, a new exchange supported by major financial institutions. Similar to BlackRock’s Bitcoin ETF filing, the market sees it as another sign that big financial institutions are getting more involved in the cryptocurrency market.

Market trend

Bitcoin and Ethereum are doing well. Other altcoins, especially crypto assets labeled as “securities” by the SEC, have been in a tough spot. July is a historically strong month for Bitcoin. how to move

Bitcoin ETFs

Expectations are high for the Bitcoin ETF to be approved after it was filed by BlackRock, the world’s largest asset manager. Of course, there are some who are skeptical, and even if it is accepted, BlackRock is not the best, and it is said that it will be Ark due to procedural issues. In any case, we will have to wait for the SEC’s response.

industry trends

Positive and negative articles about Coinbase. Mining operators are looking for new sources of revenue, such as AI hosting. At first glance, Mastercard’s move may seem far away from consumers, but the impact on the industry will be great. Mitsubishi UFJ Trust and Banking’s investment can be said to be a similar move.

NFTs

The popularity of American football is a little hard to imagine in Japan, but compared to baseball and soccer, the roles of the players are clear, and the high level of strategy, such as deciding how to attack for each play, makes it suitable for games. Maybe. Azuki’s new collection seemed to be off to a good start, but since then prices have dropped and there have been complaints about the quality of the content.

One More Thing…

There are a few articles that caught my attention this week, but here they are. Dubai ranks 4th in CoinDesk’s list of “Crypto Hubs 2023”.

This time, the article is displayed using the function of CMS. I hope it’s easier to read than the previous style.

｜Text and editing: Takayuki Masuda
｜Image: Shutterstock