Japan Cryptoasset Business Association (JCBA)

📣 JCBA Announces New Board of Directors for FY2024 The Japan Cryptoasset Business Association (JCBA) held its annual general meeting and board of directors meeting on June 13, 2024. We are pleased to announce the appointment of this fiscal year's directors, as well as our new Chair and Vice-chair. Under the leadership of the newly appointed board members listed below, we will continue to strive towards enhancing the environment for digital asset-related businesses in Japan. Board of Directors: Noriyuki Hirosue, Chair (Founder & CEO, Bitbank, Inc.) Yosuke Shiraishi, Vice-chair (CEO, MZ Cryptos, Inc) Seiji Yuki, Managing Director (Managing Director & Secretary General, Japan Virtual and Crypto assets Exchange Association) Genki Oda, Director (Managing Executive Officer, SBI Holdings, Inc.) Satoshi Hasuo, Director (Chairman & Representative Director, Coincheck, Inc.) Tatsuya Yamada, Director (CEO, Rakuten Wallet, Inc.) Seihaku Yoshida, Director (CEO, HashPort Inc.) Akira Hamamoto, Auditor (Professor, Nihon University College of Commerce) Advisors: Gaku Saito, Chairperson of Taxation Working Group (Co-CEO, pafin Inc.) Kenji Hoki, Chairperson of Use Case Working Group (Head of Web3.0 Promotion Support Division, KPMG Japan / Director, Financial Services, KPMG AZSA LLC.) Legal Advisors: Masakazu Masujima (Partner, Mori Hamada & Matsumoto) Ken Kawai (Partner, Anderson Mori & Tomotsune) Fumiaki Sano (Partner, Kataoka & Kobayashi LPC) We have also recently updated our English guide on JCBA, which can be found here: https://lnkd.in/gNRsU-fq Stay tuned for more updates and initiatives!

🌐 We are thrilled to announce that JCBA will be supporting "Future Blockchain Summit 2024" as a Community Partner! This exciting event will be held from October 13, 2024, in Dubai. 🔥 Engage with 70,000+ attendees, Connect with 1200+ industry experts, and collaborate with 150+ crypto, Web3, and NFT companies! 🎟️ We are offering an exclusive discount code for tickets to JCBA members. Don't miss this opportunity to join us at one of the most anticipated crypto events of the year!  ✨ Seize the opportunity and book your stand 🔗 https://shorturl.at/lDRT5

🎉 What a night! "JCBA Meetup Summer 2024" was a smashing success! 🚀 On August 30th, we hosted an electrifying WebX side event that brought together over 130 attendees, including JCBA members, industry professionals, and esteemed guests. The energy was through the roof! 💥 We were honored to welcome representatives from the Financial Services Agency, Japan (JFSA, 金融庁) and Ministry of Economy, Trade and Industry. Special thanks to our VIP guests: - Mr. Masaaki Taira, Chair of the LDP's Web3 Project Team - Mr. Junichi Kanda, Parliamentary Vice-Minister of Cabinet Office - Ms. Satsuki Katayama, Chairperson of the LDP's Policy Research Council - Representative for Mr. Masanobu Ogura, Minister of State for Special Missions Their presence underscores the growing importance of our industry. We're not just talking about the future - we're shaping it! 🔮 Looking ahead, we're doubling down on our commitment to industry growth. From ramping up our working group activities to hosting regular networking events that'll knock your socks off, we're all in! To our members and industry partners: get ready for more opportunities to connect, collaborate, and innovate. The best is yet to come! 🌟

We are a Community Partner at WebX 2024. Our Executive Managing Director, Seiji Yuki spoke at a session titled “web3 in the era of 10 million crypto trading accounts driven by web3 wallet licenses.” We will continue to contribute for the industry and hope to see the mass adoption of crypto assets and blockchain soon!!

🌟 We're the Official Media Partner for Korea Blockchain Week 2024! 🇰🇷 We're thrilled to announce our role as the official media partner for one of Asia's premier blockchain events - Korea Blockchain Week 2024! 📅 Date: September 1-7, 2024 📍 Location: Seoul, South Korea 🏢 Organizer: FACTBLOCK 🤝 Co-organizer: Hashed 🔥 Main Events: 1️⃣ KBW2024 Kickoff Event (Sept 1) 2️⃣ IMPACT (Sept 3-4) at Walkerhill Hotels & Resorts 3️⃣ AI World (Sept 5) at Lotte World Tower Plus, numerous side events throughout the week! This partnership allows us to bring you exclusive coverage, insights, and behind-the-scenes content from this cutting-edge blockchain gathering. 👥 Great News: Chief of International Public Relations Keisuke Kimura from JCBA secretariat will be attending! We'd love to connect with you in person. If you're planning to attend, let's meet up and discuss the latest in blockchain and crypto! 🔗 For more details, visit: https://lnkd.in/gWF3eZcb Are you joining us at KBW2024? What topics are you most excited about? Drop a comment if you'd like to arrange a meet-up with our team!

🇰🇷 Monthly Seminar Announcement "Current Status of the Web3 Industry in Korea, the Regulatory Situation, and Future Prospects" Join us for an insightful discussion on Web3 Industry in Korea! 🗓️ Date: Thursday, August 22, 2024 ⏰ Time: 17:30-19:10 JST 📍 Location: Zoom (Online) 👨🏫 Featured Speakers: - Aric Kim (Co-Founder, Kana Labs) - JOJO (Head of Japan, Bifrost) - KP Jang (CSO, Xangle.io) - J Yoon (CEO, Rewardy Wallet / ChainWith) - YK Rha (COO, Merkle Trade) 🔍 Topics: - Why is crypto trading so active in South Korea? - Regulatory landscape for crypto and Web3 in Korea - Korean government's stance on Web3 - Future growth potential of Korea's Web3 market 🗣️ The seminar will be conducted in Japanese. 🔗 Register here: https://lnkd.in/gcbhkiBZ Eligible Attendees: JCBA members, prospective members, related government agencies, media, and other stakeholders. Don't miss this opportunity to gain valuable insights into one of Asia's most dynamic Web3 markets!

🚨 JCBA and JVCEA Push for Crypto Tax Reform in Japan! 📊 Today, the JCBA (Japan Cryptoasset Business Association) and JVCEA (Japan Virtual and Crypto assets Exchange Association) jointly submitted a groundbreaking tax reform proposal for FY2025 to the Japanese government. 📌 Current Situation: - Crypto gains in Japan are classified as "miscellaneous income," taxed up to 55% when combined with other income. - Traditional financial products (stocks, bonds, investment trusts) are taxed at a flat 20% rate, with loss carry-forward allowed. 🔑 Key Issues: Inequitable tax treatment compared to traditional assets Challenges in crypto donations highlighted during the January 2024 Ishikawa earthquake 📜 Key Proposals: 1️⃣ Income Tax: Reclassification and Separate Taxation - Recognize crypto as potential capital gains - Implement 20% separate taxation - Allow 3-year loss carry-forward - Apply similar treatment to crypto derivatives 2️⃣ Income Tax: Donations - Revise current tax laws to facilitate crypto donations 3️⃣ Asset Tax - Include inherited crypto assets in acquisition cost addition - Allow flexible valuation methods for inheritance 4️⃣ Crypto-to-Crypto Exchanges - Defer taxation until conversion to fiat currency These proposals aim to create a more equitable and growth-oriented tax environment for the crypto industry in Japan. 🖼️ Attached: English translation of the JCBA proposal summary (Please note: This is a direct AI translation and may have formatting issues) For more details (in Japanese), visit the JCBA website: https://lnkd.in/ghJXmF3m 💬 Have any questions or comments about this proposal? We'd love to hear your thoughts! Please share them in the comments below👇

🚀 JCBA July Online Study Session: Web3 and DePIN Frontiers 🌐 Exclusive monthly gathering for blockchain professionals and JCBA members! 📅 Date: Thursday, July 25, 2024 ⏰ Time: 17:30-19:35 JST 📍 Platform: Zoom 🔥 Agenda: 1️⃣ "Overview of DePIN and Demonstration Case of DePIN Games" (17:30-18:15) ・Kozo Yamada, Founder & Co-CEO of Digital Entertainment Asset Pte. Ltd. (PlayMining) 2️⃣ "What Japan Needs to Do to Win at Web3: The Role of Solana and Super Tokyo" (18:15-19:30) • Hisashi Ohki (Lead, Superteam Japan) • Camao (Community Lead, Superteam Japan) • 256hax (BizDev & DevRel, Superteam Japan) • Armani Ferrante (Founder and CEO, Backpack) 3️⃣ About EDCON (Ethereum Development Conference)(19:30-19:35) 🗣️ Language: Sessions primarily in Japanese. English will be used during Backpack's presentation and their panel discussion with Superteam Japan. 🎯 Who Can Attend: ・JCBA members ・Web3/blockchain companies considering JCBA membership ・Projects exploring entry into the Japanese market * This session is not open to the general public. 🔗 Eligible attendees can register here: https://lnkd.in/gnSsEu_q Stay ahead in Japan's evolving crypto and blockchain landscape with JCBA!

🚀 JCBA Welcomes Rewardy Wallet to Our Growing Community! We are thrilled to announce that Rewardy Wallet has joined the Japan Cryptoasset Business Association (JCBA). Rewardy Wallet: All in one Web3 Entertainment Wallet For details about Rewardy Wallet and their offerings, visit: https://lnkd.in/gimhKtgB Welcome, Rewardy Wallet! We look forward to the exciting possibilities and advancements your membership will bring to JCBA and the broader Web3 world.