Explains the Web3 mechanisms related to cosplay, such as COT (Cosplay Token), keeping facts separate from plans.
For articles on cosplay itself, see Cosplay
Tokenised assets passed USD 35 billion in cumulative issuance as of July 2026. On October 20, Japan's Financial Services Agency held the first meeting of a study group reviewing the rules for blockchain-based assets and payments, listing stablecoins, tokenised assets, DEXs and wallet providers as topics. No conclusions have been reached yet.
On October 16, 2026, five companies including Japan's three megabanks announced that they had completed a proof-of-concept trial for the joint issuance of a yen stablecoin and cross-border payments. Conducted from July 17 to 23, 2026, the trial verified the flow from issuance and transfer to redemption. The companies aim to start live transactions within fiscal year 2026.
'Isn't gacha gambling?' That is the question this piece follows through industry guidelines and documents from Japan's Consumer Affairs Agency and Digital Agency. How those documents line up random sales against the crime of gambling and the Premiums and Representations Act, and what users can check for themselves. It is not a legal conclusion.
Investment pitches on social media, romance scams that start on matching apps, messages claiming to be official, unregistered providers — crypto scams reach people through a handful of repeated routes. Warnings and figures from Japan's National Police Agency and National Consumer Affairs Center, backed by the Financial Services Agency and Consumer Affairs Agency, lay out the patterns and the official places to get help.
'It's 20% now' and 'it's still aggregate taxation' — you hear both. Reading the National Tax Agency's FAQ and the FY2026 reform overview, I tried to sort out what is actually settled: what the law has decided about 20% separate taxation, and why the start date is still undecided.
Why do providers ask for your name and the purpose when you send crypto? That question leads into the 'Travel Rule.' Official materials from Japan's FSA, JVCEA and National Police Agency cover when it started in Japan, what gets passed between providers, and what senders are asked.
A wallet where you hold your own keys, and an account where an exchange holds them for you — both look like 'holding' crypto, but they mean very different things. A report commissioned by Japan's Digital Agency and warnings from Japan's crypto exchange association explain the difference, why you never share your seed phrase, and what to watch for when storing it.
The COT whitepaper lists two contract addresses — Ethereum (ERC-20) and Polygon. Why two? That had me curious, so I read the official documentation: what the ERC-20 standard is, what the Polygon chain is, how bridges work, and what to check before you send.
Crypto assets are moving under Japan's Financial Instruments and Exchange Act — but has it started yet, or not? The answer comes in stages. The FSA's published materials walk the amendment enacted on July 15, 2026 through four of them — report, enactment, already in effect, no date yet — and show what changes.
A yen stablecoin — is JPYC a crypto asset, or not? Materials from Japan's Financial Services Agency settle it: JPYC is an 'electronic payment instrument' under Japan's Payment Services Act, a different category. How it differs from crypto assets, when issuance started, and where issuance stands.
