Here are the Crypto News highlights for the week.

Monday, 4th September 2023

What You Must Know About the New Japanese Crypto Tax Reform

Key Takeaways

  • With the previous Japanese legal system, firms with crypto assets must pay taxes on “unrealized gains” at the end of each fiscal year.
  • The reformation will improve the environment for promoting Web3 and business startups that use blockchain technology.
  • According to FSA, the Ministry of Economy, Trade, and Industry intends to request that Tokyo alter its laws to reflect its desires.

Tuesday, 5th September 2023

Hackers are Defrauding Crypto Users Using AI Scams

Key Takeaways

  • An AI scam is a technique a bad actor employs to fleece a company or a person.
  • Quantstamp‘s Richard Ma has revealed that AI is assisting hackers in becoming more convincing and raising the success rate of their attacks.
  • Ma recommended that businesses spend money on anti-phishing software that screens out artificial emails created by AI and bots.

Wednesday, 6th September 2023

See Top Millionaires Who Got Wealthy from Crypto Investments

Key Takeaways

  • Over 40,000 crypto millionaires are currently holding Bitcoin around the globe.
  • Bitcoin, which was once considered a hoax in its early years, is now the source of wealth for many investors worldwide.
  • 6 of the 22 cryptocurrency dealers with holdings of above $1 billion amassed their fortune from trading Bitcoin.

Thursday, 7th September 2023

Visa’s New Stablecoin Attempts Could Be a Game-Changer

Key Takeaways

  • Several cross-border e-commerce players are becoming more interested in blockchain technology.
  • There is hope that Visa’s work with USDC via Solana could spur greater acceptance in the broader crypto payments space.
  • Other businesses, such as Airbnb and Uber, have begun to enter the crypto e-commerce space.