Profits at Chinese industrial firms in November rose 15.5% as compared with a year earlier, according to data released by the country's National Bureau of Statistics over the week ... ( read original story ...)
Japan a Hard Sell for Bankers When Taxman Can Take Half
Japan’s push to make itself a more attractive financial hub faces a taxing problem if it is to stop the drip-drip departure of finance professionals to other cities in Asia. ( read original story ...)
Japan’s Suga slips to 42% approval rating in new Nikkei poll
The approval rating of Suga's cabinet sank to 42% in a weekend Nikkei/TV Tokyo survey -- down 16 percentage points from the previous poll, taken in November. Disapproval climbed 16 points to 48%. The ... ( read original story ...)
‘There is no emergency,’ say crypto firms as US plans new ownership disclosure rules
Coinbase, Kraken, and other crypto exchanges are pushing back against a US Treasury proposal to require them to log personal details for transactions. ( read original story ...)
2021 crypto outlook: Bitcoin faces US regulatory scrutiny after record-breaking rally
Janet Yellen, who’s been nominated to serve as Treasury secretary in Biden’s administration, has in recent years cautioned investors over Bitcoin, saying it was a 'highly speculative asset' and 'not a ... ( read original story ...)
Crypto’s Choice: Join the Financial System or Fight It
Integrate with the existing financial system's rules? Or choose to fight for its anti-status quo principles? That's the question. ( read original story ...)
Japan pulls out all policy stops in hunt for Asia financial talent
Tokyo, Osaka and Fukuoka have thrown their hats into ... inheritance tax exemptions for foreign assets and let skilled finance workers remain exempt regardless of the length of their residency. ( read original story ...)
Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns
The top U.S. banking regulator is concerned that the Biden administration may roll back some cryptocurrency regulations aimed at protecting consumers. This includes allowing national banks to custody ... ( read original story ...)
Crypto’s Big Rupture Is Coming in 2021
After a crazy year with predictably strong growth in decentralized finance (DeFi) and store-of-value (SoV) crypto assets generally, things are about to get weird. Diversification is the only way to ... ( read original story ...)
Japan closes borders, bans all foreigners from entering the country
Japanese authorities announced today that the country’s borders will be closed to all foreign visitors from December 28 until the end of January, after a new strain of COVID-19 virus was found in ... ( read original story ...)
Bitcoin Hits $500K on Russian Crypto Exchange After Hackers Take Control — Users Cry Exit Scam
Cryptocurrency trading platform Livecoin claims that it has been hacked after the crypto community noticed the price of bitcoin shoot up to half a million dollars. Meanwhile, users are complaining ... ( read original story ...)
Japan to ban new entries of foreigners until end-January – Nikkei
Japan has decided to ban all new entries of foreign nationals from Dec. 28 to the end of January following the detection of a new variant of the coronavirus in arrivals from Britain, Nikkei reported ... ( read original story ...)
Crypto Markets Rebound, BTC Taps Another All-Time High, Bitstamp Drops XRP for US Customers
Bitcoin touched another all-time price high at $24,662 per coin, while many other crypto assets rebounded from the previous day’s slump. Ethereum is still down over 4% the last seven days and is ... ( read original story ...)
Russian Parliament Foresees a Wave of Token Issuance for 2021 in the Wake of Crypto Law Promulgation
The head of the Russian parliamentary committee on financial markets and the country’s first crypto law’s author is forecasting a “surge in token ... ( read original story ...)
U.S. Warns Crypto Stablecoins on Money Laundering, Risk Controls
Top U.S. financial regulators are warning firms behind an important part of the cryptocurrency market to tighten protections against money laundering. ( read original story ...)
Nikkei edges near 30-year high on recovery hopes, heavy machinery stocks’ gains
Japan’s Nikkei share average rose 0.53% by midday to 26,665.72, edging closer to Monday’s high of 26,905, its highest level since early 1991. The broader Topix gained 0.56% to 1,775.18. Rollouts of ... ( read original story ...)