cryptonewsland.com
- Gate Group expands in Japan with Coin Master acquisition, renaming it Gate Japan Co., Ltd., for localized services.
- Gate.io halts new Japanese accounts, shifting focus to regulatory-compliant crypto trading via Gate Japan Co., Ltd.
- Japan sees crypto growth with Slash Card launch in 2025, blending digital payments and “Pay-to-Earn” features.
Gate Group has completed the acquisition of Coin Master Co., Ltd., a Japanese crypto asset trading platform. The Singapore-based entity, Gate Information PTE. LTD., finalized the deal under CEO Lin Han. Coin Master has been renamed Gate Japan Co., Ltd., marking the beginning of its operations under Gate Group’s management.
Gate Group has acquired all issued shares of Coin Master Co., Ltd., a Japanese cryptocurrency service provider. The acquisition was carried out through Gate Information PTE. LTD. (CEO：Lin Han), a Singaporean entity, which is a part of Gate Group. As of today, Coin Master Co.,…
— Wu Blockchain (@WuBlockchain) December 23, 2024
Gate.io Halts Services for Japanese Users
On July 22, 2024, Gate.io announced it would stop opening new accounts for Japanese users. The platform also began gradually terminating global services for users in Japan. This decision aligns with the company’s strategic move to adhere to local regulations while ensuring compliance.
The acquisition of Coin Master Co., Ltd. signals Gate Group’s intent to provide exclusive trading services tailored to Japan’s regulatory framework.
Gate Group plans to use Gate Japan Co., Ltd. to offer a localized digital asset trading experience for Japanese users. The company emphasizes adherence to Japan’s cryptocurrency laws, aiming to rebuild trust with the local market. This strategic shift reflects Gate Group’s broader ambition to expand its footprint in the Japanese cryptocurrency sector.
Cryptocurrency Payments in Japan Gain Momentum
Japan is also advancing its cryptocurrency integration with the launch of a crypto-backed credit card in 2025. This initiative results from a partnership between Slash Vision Labs and a Japanese credit card issuer. The Slash Card will comply with local regulations and introduce features such as “Pay-to-Earn” airdrops for crypto projects.
Slash Vision Labs is making strides in integrating cryptocurrencies into Japanese entertainment. Its platform enables users to pay for manga content with cryptocurrency on Comilio. The company aims to broaden cryptocurrency payment solutions and expand Web3 opportunities within Japan.
These developments highlight Japan’s growing embrace of cryptocurrencies in mainstream financial and cultural activities. Gate Group and Slash Vision Labs are positioning themselves as key players in this evolving landscape.