Strict Regulations Slow Japan’s Crypto Adoption

CRYPTO
Strict Regulations Slow Japan’s Crypto Adoption

Japan is lagging in approving crypto-based exchange-traded funds (ETFs) due to its strict tax policies and cautious regulatory stance. While global markets increasingly adopt spot crypto ETFs, Japanese regulators remain hesitant despite mounting pressure from domestic advocates. The key issue is Japan’s tax policy, which treats crypto gains as miscellaneous income with rates as high as 55%, compared to traditional ETFs’ capital gains tax rate of 20%.

Entrepreneur Mario Nawfal described Japan’s approach as being “still in HODL mode,” indicating a reluctance to embrace crypto ETFs fully. However, political discussions are emerging. On October 20, Yuichiro Tamaki, leader of Japan’s Democratic Party for the People, advocated for a 20% tax rate on crypto assets, similar to traditional ETFs, aiming to make Japan a leader in Web3 development.

Despite regulatory barriers, Japanese firms continue to show confidence in Bitcoin. Metaplanet, a Tokyo-based investment company dubbed “Asia’s MicroStrategy,” recently acquired an additional 108.78 BTC, bringing its total holdings to nearly 640 BTC, valued at around $40.5 million. This demonstrates strong institutional interest in Bitcoin, even as Japan grapples with tax and regulatory challenges in the crypto space.
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VaultCraft launches V2, TVL skyrockets above $100M

VaultCraft launches V2, partners with Safe, and secures $100M+ in Bitcoin

• Matrixport, Asia’s leading crypto providers, commits $100M+ in Bitcoin

• OKX Web3 to launch Safe Smart Vaults with $250K+ in rewards

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CRYPTO
Trump’s Crypto Venture Reveals Payout

Donald Trump’s crypto project, World Liberty Financial (WLF), is set to allocate 75% of its net revenue to a Trump-affiliated entity, DT Marks DEFI LLC, according to a newly released document. The remaining 25% of revenue will go to Axiom Management Group, run by project co-founders Chase Herro and Zachary Folkman. This setup means the Trump family stands to benefit significantly from WLF’s operations, with no liability or management role.

The project launched its “$WLFI” token, valuing it at 1.5 cents per token. The Trump family received 22.5 billion tokens, worth $337.5 million at launch. Despite Trump branding the project as “The DeFiant Ones,” WLF insists the tokens are not politically affiliated.

WLF aims to function as a crypto bank, allowing customers to borrow, lend, and invest in digital assets. Trump’s role as “chief crypto advocate” and his three sons as “Web3 ambassadors” positions the family prominently in the project. The document’s revenue split highlights Trump’s substantial financial stake while distancing the family from direct operational involvement.
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McDonald
McDonald's Faces E. Coli Scare Again

E. coli food poisoning linked to McDonald’s Quarter Pounder has sickened 49 people across 10 states, resulting in one death in Colorado and 10 hospitalizations, including a child with severe kidney complications. Infections occurred between September 27 and October 11, with Colorado reporting the highest cases.

Most infected individuals had eaten Quarter Pounders. Investigators are focusing on slivered onions and hamburger patties as potential contamination sources. McDonald’s has stopped distributing slivered onions and temporarily removed Quarter Pounders from affected menus. The company stated it takes food safety seriously, as shares dropped 9% after the CDC's announcement.
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NEWS
Ex-Abercrombie CEO Faces Trafficking Charges

Mike Jeffries, the former CEO of Abercrombie & Fitch, faces serious accusations of sex trafficking. He, along with his partner Matthew Smith and an employee, allegedly operated an international sex trafficking ring between 2008 and 2015. Reports claim they coerced men into sex under the guise of offering modeling opportunities with the brand.

Jeffries, who led Abercrombie from 1992 to 2014, had a tenure filled with scandals, including a controversial, hyper-sexualized marketing strategy. Under his leadership, the company promoted exclusivity, staffed stores with young, shirtless men, and used risqué advertisements. Despite Jeffries’s success in transforming the retailer in the 1990s, his leadership style and disregard for cultural shifts led to declining sales and his eventual ousting in 2014.
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Meme of the day

Word of the day
Palaver

Palaver is an informal word that usually refers to unimportant or meaningless talk. It can also refer to misleading or deceptive speech, or to a conference or discussion. In British English the word is sometimes used as a synonym of fuss to refer to unnecessary excitement about something.

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