Sony launches blockchain platform Soneium as Japan considers easing crypto regulations.
Sony has launched its blockchain platform, Soneium, amid a trend among Japanese companies, including Toyota and Mitsubishi UFJ, to explore blockchain technology. This comes as Japan considers relaxing strict cryptocurrency regulations, which include high taxes on crypto gains. Prime Minister Fumio Kishida has emphasized Web3 development, but challenges remain due to stringent licensing rules and a call for reduced taxation in the sector.
September 18, 2024
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