Sony leads Japanese companies exploring blockchain technology and relaxed crypto regulations.

Sony is leading a wave of Japanese companies exploring blockchain technology amid calls for relaxed crypto regulations. The firm introduced a digital ledger, Soneium, in October to facilitate application development. Other companies, including Toyota and Mitsubishi UFJ Financial Group, are also pursuing blockchain projects, such as stablecoins. Despite high taxes on crypto gains and stringent licensing rules, Japan is contemplating easing regulations to foster growth in the sector.

September 18, 2024
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