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Japan passes law recognizing crypto as financial products

Japan has enacted sweeping amendments to its financial laws that classify cryptocurrencies as financial products, opening the door to lower crypto taxes, domestic exchange-traded funds and stricter market oversight. Summary Japan has passed a law classifying cryptocurrencies as financial products under the Financial Instruments and Exchange Act. The legislation creates a path for a 20%…

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Here’s What It Means for Crypto Payments

Key Takeaways Stripe and Advent bid $60.50 a share for Paypal per Bloomberg, valuing the fintech above $53 billion. The offer is backed by roughly $50 billion in committed bank financing, with the pair holding equal stakes. A deal would put Paypal’s PYUSD stablecoin under the roof of Stripe, owner of the Tempo blockchain. A…

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