Breaking New Ground in Japan
According to reports, BitGo, a prominent player in the field of digital asset trust and security, is spreading its wings into the Land of the Rising Sun. As detailed by sources close to the situation, this expansion is set to boost BitGo’s Japan-based team with key hires—including a much-coveted sales director based in Tokyo.
The Role of the Sales Director
So, what’s cooking in that job description? The newly minted sales director will be tasked with rolling out BitGo’s cutting-edge digital wallet and offline vault solutions throughout their designated territory. This is no small feat, considering the unique challenges and opportunities presented by the Japanese crypto market.
Expertise at the Helm
In a strategic move earlier this year, BitGo welcomed Nick Carmi, a veteran trader from Wall Street, as its head of financial services. His history might just give BitGo the connection it needs to merge the innovative world of digital assets with the more traditional frameworks of finance. Keep an eye on this one, folks!
Collaborating For Security
In a tech-savvy partnership, BitGo partnered with decentralized identity startup Civic to innovate a new wallet that leverages BitGo’s multisig technology. Scheduled for launch in Q4 2019, this new wallet emphasizes identity verification, ensuring users authenticate their identity through a blockchain-based system. The best part? No personal data is exchanged between parties, giving users more autonomy over their information.
Japan’s Crypto Climate
Despite the excitement, navigating Japan’s complex crypto environment isn’t all rainbows and butterflies. As of March, about 30 crypto-related businesses and a staggering 50 individuals reportedly avoided declaring their earnings from cryptocurrency trading. The culprit? A daunting tax structure that many see as a roadblock to financial transparency and growth in this burgeoning sector.
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