Japanese nail salon operator Convano plans to raise $3 billion to support its Bitcoin treasury reserves

The post Japan Considers Merging Crypto Oversight Into Securities Law appeared on BitcoinEthereumNews.com. Japan’s government is considering incorporating cryptocurrencies into the Financial Instruments and Exchange Act (FIEA), a move away from their current classification under the Payment Services Act. The move seeks to strengthen investor protection and align crypto oversight with securities regulation, though the advisory council remains concerned about the potential risks of extending this framework too broadly. Japan Considers Major Shift in Crypto Regulation Sponsored Sponsored The Financial Services Agency (FSA) presented a proposal during a Financial System Council working group on September 2 to regulate cryptocurrencies under the Financial Instruments and Exchange Act (FIEA). Currently, crypto assets are governed by the Payment Services Act, but the agency believes shifting oversight to the FIEA would better address their rising role as investment products. Under the new framework, cryptocurrencies would be classified alongside securities, subjecting issuers and exchanges to stricter requirements. The FSA argued that tighter rules would deter market misconduct while ensuring transparency for investors. To balance this change, the Payment Services Act provisions would be removed to avoid overlapping business compliance burdens. The agency emphasized that crypto’s role in payment transactions would remain intact even under securities law. However, firms offering tokens must provide detailed disclosures about price volatility, reliability, and associated risks. The FSA will submit a legislative amendment to the ordinary Diet session next year. Skepticism from Experts on IEOs The proposal prompted debate within the meeting. Following industry group presentations, some members questioned whether incorporating cryptocurrencies into securities regulation is right. Naoyuki Iwashita, a Kyoto University professor and former director at the Bank of Japan’s Institute for Monetary and Economic Studies, noted that primary tokens like Bitcoin and Ethereum may not matter significantly whether they fall under the FIEA or Payment Services Act. Still, he raised concerns about extending the securities framework to all crypto assets. Iwashita…

PANews reported on June 19 that Virtuals Protocol posted on the X platform: "We have noticed the community's recent feedback that some users may have abnormally accumulated points through developer

The post XRP Ledger Gets Its Game On as B3 Network Expands From Ethereum’s Base appeared on BitcoinEthereumNews.com. In brief Blockchain games are coming to the XRP Ledger thanks to an expansion of B3’s gaming ecosystem. It will begin with five hyper-casual testnet games designed to be played by anyone, anywhere. Ultimately, the goal is to bring more users to the XRP Ledger and add utility to the Ripple-linked asset, XRP. Crypto gaming is coming to the XRP Ledger with the creation of the XRPL Gamechain, a dedicated space for gaming designed to onboard new users to the ecosystem.  The effort is spearheaded by appchain network and gaming ecosystem B3—which began life as a layer-3 network built on Ethereum network Base—in collaboration with XRPL Commons, an entity dedicated to fueling the growth of the network behind leading cryptocurrency, XRP. “Gaming is universal to all of us. We have games on our phones we play now, or grew up playing video games as kids,” Viktoriya Hying, co-founder of B3 creator NPC Labs, told Decrypt. “Through our own research conducted when we were at Coinbase, the team realized the most successful way to have users participate and engage more meaningfully on-chain is through creating fun, frictionless, and novel experiences. On-chain games allow for that.”  The XRPL Gamechain will open with a testnet version of Xcade, an online arcade containing five separate casual or hyper-casual gaming titles designed with quick-paced gameplay and mobile-friendly sessions. The full version of the arcade is expected to launch this fall.  “The intent is to make participating on-chain and on the XRP Ledger accessible, fun, and entertaining,” said Hying. “Upon launch, the game catalog will grow and expand, but will still be in the same category. We want to update the catalog weekly for Xcade post-launch so there’s always new games to play, fun to have, and ways to participate in the XRP ecosystem outside…