Metaplanet Secures License for Bitcoin Magazine Japan

Metaplanet (TYO), in collaboration with Bitcoin Magazine, has revealed an opening up of a new office in Tokyo, Japan, during the Bitcoin Conference in Nashville, TN. This program demonstrates a mutual effort to offer regional, relevant content to the Japanese Bitcoin audience.

Bitcoin Magazine Expanding Reach in Japan

Metaplanet has obtained an exclusive license to run Bitcoin Magazine Japan. This partnership will enable the publication to take advantage of the local knowledge and connections to come up with a product that would be most relevant to the Japanese audience. Bitcoin Magazine Japan is a new part of the larger plan to expand the presence of the company in the global market.

Building from the successful launch of Bitcoin Magazine Switzerland, this move seeks to increase audience and influence in order to help provide valuable information and resources to Bitcoin enthusiasts all over the world.

Mike Germano, President of Bitcoin Magazine said,

” As the oldest and most well recognized Bitcoin brand, it is our pleasure to be partnering with Metaplanet to enter the Japanese market. We are also looking forward to strengthening our position and contributing to the local culture by making our content more relevant to the Japanese people.”

Collaboration with Metaplanet

Metaplanet, a company at the forefront of enabling the adoption of Bitcoin in corporations and other organizations, is in harmony with Bitcoin Magazine’s vision to achieve the world’s hyperbitcoinization. Their focus on quality and sticking to the Bitcoin-only policy align with Bitcoin Magazine’s values.

Simon Gerovich, CEO of Metaplanet, said,

“This partnership is a stepping stone for Metaplanet. Together with Bitcoin Magazine, we want to promote the use of Bitcoin in Japan through unique and exciting content for our audience.”

The partnership will help promote the use of Bitcoin in Japan through specific initiatives such as features with Japanese Bitcoin personalities, special issues, and live webinars. The organization also has plans to increase the print and live events for the public domain which will further cement a strong network of Bitcoin friendly enterprises in Tokyo.

Gate.io Ends Services for Japanese Customers

While Bitcoin Magazine and Metaplanet are both seeking to strengthen their positions in the Japanese market, other companies adapt to the local legal framework. Gate. io has stopped its operations in Japan due to the company’s inability to meet the country’s financial rules and regulations. With effect from July 22, 2024, Gate.io temporarily halted new sign-ups for individuals in Japan and is helping the current users to shift their transactions to the cryptocurrency exchanges licensed by the Japanese laws.

Gate.io‘s decision aligns with the exchange’s policy of adhering to international legal standards. The platform will remove Japanese descriptions and limit the availability of Japanese language options during the transition, ensuring customers have the necessary information to manage their accounts and assets effectively.

Amid these developments, Metaplanet is not stopping the increase of its own Bitcoin assets. Metaplanet seized the opportunity of the recent drop in the Bitcoin price to buy an additional 42.47 Bitcoins for 400 million yen (equivalent to 2.42 million US dollars). This raises Metaplanet’s total Bitcoin stash to 203,734 Bitcoins, with a total worth of investment at 2.05 billion yen.

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