DMM BITCOIN TO CLOSE ITS OPERATION IN JAPAN

After a $306M hack in May, Japan's DMM Bitcoin announces closure and customer asset transfer to SBI VC Trade by March 2025. 

DMM Bitcoin Shuts Down 

The attack, linked to the North Korean Lazarus Group, saw 4,502.9 BTC stolen. Despite a $365M loan, creditors still await reimbursement. 

The Hack's Fallout 

Crypto tax implementation is now pushed to 2028, with a 20% levy on annual gains above $1,784 facing opposition over fears of market disruption. 

South Korea Delays Crypto Tax 

Crypto trading volume in Indonesia skyrocketed 350% in 2024, reaching $30B, with 60% of investors aged 18-30 leading the charge. 

Indonesia's Crypto Surge