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Japan Lowers XRP Taxes!🔥USA Next?🚨 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: A lot of news to cover on and breaking within
• 0:09
  Speaker 1: Japan and its relationship to XRP and why Ripple could
• 0:13
  Speaker 1: be in the perfect position both with Japan and the
• 0:16
  Speaker 1: United States. Will break it down for you today. My
• 0:18
  Speaker 1: name is Paul Bara. Welcome back in the tech path.
• 0:19
  Speaker 1: I want to thank our sponsor and that is Tangum.
• 0:21
  Speaker 1: This is a great place for you guys to get
• 0:23
  Speaker 1: into self custody. Get your cards and these are like
• 0:26
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• 0:28
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• 0:32
  Speaker 1: which I recommend everybody should have some of their tokens
• 0:36
  Speaker 1: on self custody. Let's go to the headline today, Japan's
• 0:38
  Speaker 1: ruling party proposes capping a crypto tax at twenty percent
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  Speaker 1: and this would be matching stocks. Now a couple of
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  Speaker 1: points within the article. This is the Democratic mart Party
• 0:49
  Speaker 1: there seeking to categorize cryptocurrency under this new Financial Instruments
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  Speaker 1: Exchange Act. Basically, it would apply this similar to what
• 0:56
  Speaker 1: they do to securities and it currently right now attacks
• 1:00
  Speaker 1: is crypto up to fifty five percent on gains. So
• 1:03
  Speaker 1: this is a huge move for crypto in Japan. With
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  Speaker 1: all the things that are happening further down in the article,
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  Speaker 1: this is going to be like a new asset class
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  Speaker 1: under the Financial Instrument Exchange Act. Huge for the opportunity.
• 1:18
  Speaker 1: But when you look at this, you have to look
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  Speaker 1: at some of the projects and some of the companies
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  Speaker 1: that are integrated into the Japanese ecosystem and economy. And
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  Speaker 1: one of them, of course is none of the next RP.
• 1:30
  Speaker 1: Here's Watanabi. This is the guy who leads up Sonium,
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  Speaker 1: which is one of the chains that drives I think
• 1:37
  Speaker 1: going to be one of the chains that drives growth
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  Speaker 1: in Japan, and he talked about it is I'm one
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  Speaker 1: hundred percent sure that more Japanese people are going to
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  Speaker 1: come on chain now, and I would agree now it's
• 1:46
  Speaker 1: equal to stock investing they're in Japan in terms of
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  Speaker 1: capital gains. This will be a big deal. Is this
• 1:53
  Speaker 1: is soda talking about the United States versus Japan.
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  Speaker 2: Take a look, ehui compare.
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  Speaker 3: I think a US is very good at making something
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  Speaker 3: from zero to one, and I think Asian country like
• 2:04
  Speaker 3: a Japan, really good at commosialization. But let's say cut
• 2:09
  Speaker 3: company manufacturing companies, heavy conduct that company are really good
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  Speaker 3: at commosialization. I think we wously in the commosialization era,
• 2:17
  Speaker 3: and that's why I think WEC in Asia Ali British.
• 2:21
  Speaker 3: Another thing is probably regulation. US is already winning in
• 2:25
  Speaker 3: a way with two, so they don't have a much
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  Speaker 3: incentive to push Wavercy forward. But let's say Japan, we
• 2:31
  Speaker 3: don't have a many two company grow go away with
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  Speaker 3: two companies, So I think governments see this as an opportunity.
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  Speaker 4: I would agree.
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  Speaker 1: I think that he is right. I mean, Japan is
• 2:41
  Speaker 1: very good at commercialization of some of these markets, and
• 2:44
  Speaker 1: right now it seems to be a little bit of
• 2:45
  Speaker 1: a race. I don't know if Trump knows this or not,
• 2:48
  Speaker 1: but there are some things that are being done in
• 2:51
  Speaker 1: Japan to help avoid some of these terrors. So one
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  Speaker 1: of the things that you look at is Trump is
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  Speaker 1: claiming that Japan is guiding the yen lower at the
• 3:00
  Speaker 1: hint of these fresh tariffs, and that could happen, especially
• 3:03
  Speaker 1: around how the bond architecture is done. We've seen this
• 3:06
  Speaker 1: with Germany as they go in and printing more bonds,
• 3:09
  Speaker 1: getting into more defense spending. This could flow into a
• 3:13
  Speaker 1: situation with Japan. If you look at just an example
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  Speaker 1: of this, China's tariffs could get reversed quickly not happening,
• 3:21
  Speaker 1: or the yen is set to fall sharply. So I
• 3:25
  Speaker 1: guess it's kind of a chicken before the egg situation.
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  Speaker 1: Do the tariffs back off, do they hold the yen
• 3:31
  Speaker 1: or do they initially push the end down to help
• 3:34
  Speaker 1: adjust for these tariffs coming in. So there's a lot
• 3:37
  Speaker 1: of global monetary system manipulation. I won't call them manipulation,
• 3:42
  Speaker 1: but games being played that you guys know. I want
• 3:45
  Speaker 1: to jump over to eleanor Tarratt and she gave the
• 3:48
  Speaker 1: list out here. These are some additional confirmations for tomorrow's
• 3:51
  Speaker 1: White House Crypto summit. A couple of the big names.
• 3:55
  Speaker 1: Of course Brad garling House will be there from Ripple,
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  Speaker 1: but others there's Vlad from Robin Hood. Kracken is going
• 4:02
  Speaker 1: to be there, coin Base of course, Brian Armstrong, chain
• 4:04
  Speaker 1: Link is going to be there, World Liberty FI will
• 4:07
  Speaker 1: be there, and then David Bailey coming in from Bitcoin Magazine. Well,
• 4:11
  Speaker 1: the Bitcoin Maxis have definitely worked their way in on
• 4:15
  Speaker 1: this one. That was missing though, was Charles Hoskinson. I
• 4:19
  Speaker 1: mean Ada was mentioned the other day by the President.
• 4:23
  Speaker 1: So I'm kind of curious as to why what was
• 4:26
  Speaker 1: going on. So we had to go dig a clip
• 4:27
  Speaker 1: up here of Charles take a look.
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  Speaker 5: The latest event is this interesting little get together at
• 4:32
  Speaker 5: the White House March seventh. We did not get an
• 4:35
  Speaker 5: invitation on Monday. We did not get an invitation on Tuesday.
• 4:39
  Speaker 5: We did not get an invitation today. So I'm going
• 4:42
  Speaker 5: to operate under the assumption I have not been invited
• 4:44
  Speaker 5: to go to this gathering. What is an American cryptocurrency? Exactly?
• 4:49
  Speaker 5: Is it h bar? You can make an argument for it.
• 4:51
  Speaker 5: Is it polka dot? You make an argument for it,
• 4:54
  Speaker 5: is it ethereum? But don't think for a moment. Then
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  Speaker 5: when I wake up, I say, Cardono is for America.
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  Speaker 5: So I had travel plans to go to Japan. Supposed
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  Speaker 5: to get on a plane here in a little bit
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  Speaker 5: and I will be Friday the seventh in Japan. I've
• 5:09
  Speaker 5: got operator of the assumption that I'm going to this event,
• 5:12
  Speaker 5: especially after this video, and that's okay. But by the way,
• 5:15
  Speaker 5: we're certainly going to be talking to regulators in Japan.
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  Speaker 5: And thank you to the Japanese community for being the
• 5:20
  Speaker 5: heart and soul of the beginnings of Cardinal. You mean
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  Speaker 5: a lot to me, and there's frankly speaking nowhere, I'd
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  Speaker 5: rather be right now than there.
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  Speaker 1: Okay, well, I swear to you say that behind with
• 5:35
  Speaker 1: the American flag, and remember that I anticipate that we're
• 5:39
  Speaker 1: going to have American Crypto have some sort of special
• 5:43
  Speaker 1: carve out that I think is going to come. So
• 5:45
  Speaker 1: I hope that that doesn't turn bad for the Cardinal community.
• 5:50
  Speaker 1: Jumping over to Japan, you have to think about SBI.
• 5:54
  Speaker 1: SBI is one of the biggest companies out there, and
• 5:57
  Speaker 1: one of the reasons why is their commitment and has
• 6:00
  Speaker 1: been behind Ripple and they continue to grow there. They
• 6:04
  Speaker 1: currently hold nine percent share based on their actual holdings
• 6:08
  Speaker 1: of XRP. Their stockholders are saying, hey, don't sell the XRP.
• 6:12
  Speaker 1: Our stock will go down. We need to get more.
• 6:15
  Speaker 1: So the stock continues to rise. So a lot happening
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  Speaker 1: right there. And then if you look at their CEO,
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  Speaker 1: every bank of Japan will use Ripples XARP by twenty
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  Speaker 1: twenty five. Now I don't know if they're referencing end
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  Speaker 1: of twenty twenty five or what was, but this was
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  Speaker 1: a big headline that they've been touting for quite some time.
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  Speaker 1: All right, So this fintech summit happened just the other
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  Speaker 1: day and you can take a look at some of
• 6:38
  Speaker 1: the speakers here. One of the key speakers is a
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  Speaker 1: digital minister who by chance had met with Brad garling
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  Speaker 1: House right there, if you take a look, met in Tokyo.
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  Speaker 1: This was their leaders are committed to advancing crypto and
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  Speaker 1: blockchain technology. So you can see there is clear connection
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  Speaker 1: of what's happening within the Japanese regulators and also with
• 6:59
  Speaker 1: what's going going on with Ripple in general. I want
• 7:02
  Speaker 1: to also go over to this right here because this
• 7:04
  Speaker 1: is another thing that's happening, and this is Sony's bank
• 7:06
  Speaker 1: wallet is now available on Apple pay. This is where
• 7:10
  Speaker 1: they connected the Sony bank wallet basically over to PlayStation
• 7:13
  Speaker 1: for rewards, et cetera. All Right, so I've got a
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  Speaker 1: clip here of Sony winning some awards around both the
• 7:20
  Speaker 1: digital and also blockchain Bank of the Year. Take a
• 7:23
  Speaker 1: look award, folks, Outstanding Blockchain Initiative, buy a retail bank.
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  Speaker 4: Please mulk the mowina Sony.
• 7:38
  Speaker 3: It's it's fun quoteated. Thank you, very magical colas.
• 7:48
  Speaker 2: I like the best digital man Japan.
• 7:52
  Speaker 3: Sony bank beside Chimichi, congratulations.
• 7:57
  Speaker 4: Books.
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  Speaker 1: Again, when you look at some of the the data,
• 8:00
  Speaker 1: this is of course Ethlair two and you can kind
• 8:03
  Speaker 1: of see one of the fastest growing right there is
• 8:05
  Speaker 1: Sonium as an EVM. So a couple of things to
• 8:08
  Speaker 1: kind of also watch is Sony themselves. This has been
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  Speaker 1: pretty much up and to the right recently, I think
• 8:15
  Speaker 1: because of what we've seen so far in terms of
• 8:17
  Speaker 1: their success. Remember that Sonium, their main netle is live.
• 8:21
  Speaker 1: This is on optimism. Also, when you look at Sonium's
• 8:25
  Speaker 1: just a transaction count, you can kind of see them
• 8:27
  Speaker 1: actually going over that of the native blockchain. So this
• 8:31
  Speaker 1: again very good signs for all of this. All right,
• 8:34
  Speaker 1: let's go over to another article. This was from you
• 8:36
  Speaker 1: today and it's talking about Ripple meeting with the Japanese
• 8:39
  Speaker 1: officials and a couple of points within this. This is
• 8:41
  Speaker 1: back in September, but if you look further in here,
• 8:44
  Speaker 1: this is where they were meeting specifically with Tyra right there,
• 8:49
  Speaker 1: so you can kind of see that this has been
• 8:51
  Speaker 1: planned for some time and they were talking about a project.
• 8:54
  Speaker 1: If you further on down in the article, this program
• 8:57
  Speaker 1: will continues will be titled projects, so it's going to
• 9:01
  Speaker 1: be run by Progmat data chain token. One other note
• 9:06
  Speaker 1: is toyotization these digital bonds, which is basically going to
• 9:09
  Speaker 1: be a security token target and retail investors, and where
• 9:13
  Speaker 1: they're doing this is on As you can see, the
• 9:16
  Speaker 1: token is ised platform Progmat founded by MUFG. So some
• 9:20
  Speaker 1: interesting connections here starting to play out, and then you
• 9:23
  Speaker 1: look at some of the details around this bond and
• 9:26
  Speaker 1: you'll understand. Take a look.
• 9:28
  Speaker 2: Tourna finance corporation veiled plans to issue one billion yen,
• 9:32
  Speaker 2: which is equivalent to six points seven million dollars in
• 9:35
  Speaker 2: digital bonds. A unique feature is that investors will receive
• 9:38
  Speaker 2: additional reverse in totas in money ranging from one thousand
• 9:42
  Speaker 2: to ten thousand yen based on the bridges amount. TOTA
• 9:45
  Speaker 2: will have real time investor data access, allowing for future
• 9:48
  Speaker 2: engagement strategies somelike traditional bonds, which require minimum investment one
• 9:53
  Speaker 2: billion yen, blot chain based on digital bonds and reduced
• 9:56
  Speaker 2: costs enabling broader participation from retail investuit. Toyota aims to
• 10:01
  Speaker 2: strengthen relationships with them besses and explore more box chain
• 10:04
  Speaker 2: powered financial instruments, possibly setting a trend for other corporations
• 10:08
  Speaker 2: in Japac. The FSA is now conducting closed door discussions
• 10:12
  Speaker 2: with experts and the plans to announce policy direction by
• 10:15
  Speaker 2: June twenty twenty five.
• 10:16
  Speaker 1: Progmat just shows you the cross chain transfers between multiple blockchains.
• 10:20
  Speaker 1: This again tokey involved. So when you look at those
• 10:23
  Speaker 1: discussions that Garland House was having, what it basically does
• 10:27
  Speaker 1: is tries to connect what the blockchain layer is going
• 10:31
  Speaker 1: to be Sonium and how this is all going to
• 10:34
  Speaker 1: work with bank intersection. And then you go to this
• 10:37
  Speaker 1: next chart right here. This of course is where we
• 10:39
  Speaker 1: always see Swift. Everybody understands how Swift works. If you don't,
• 10:43
  Speaker 1: when you're moving money around between countries and major companies,
• 10:48
  Speaker 1: Swift is one of the major platforms that's being used.
• 10:50
  Speaker 1: This is going to be replaced by Ripple, and that
• 10:54
  Speaker 1: is where you're going to see Sonium as the blockchain
• 10:57
  Speaker 1: and transactions under Ripple. So this is a big deal
• 11:01
  Speaker 1: for the future of XRP as a whole. Now let's
• 11:04
  Speaker 1: go over let's build a future. If you just look
• 11:07
  Speaker 1: at the culture of what Japan has done in the past,
• 11:10
  Speaker 1: you've got to look at anime. Anime chain is going
• 11:13
  Speaker 1: to be launching soon, so that in itself will continue
• 11:16
  Speaker 1: to grow. I think the narrative of blockchain and the
• 11:19
  Speaker 1: investment opportunity that Japan is bringing, that's the big situation
• 11:23
  Speaker 1: right now, because I think we're going to see more
• 11:25
  Speaker 1: and more of countries like Japan where they get all
• 11:28
  Speaker 1: in and they seem to be one of the leaders here.
• 11:30
  Speaker 1: I want to go to a clip here because this
• 11:32
  Speaker 1: is talking about why anime, our anime coin is needed
• 11:36
  Speaker 1: in Japan asap.
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  Speaker 4: Take a look, because if you look at the production
• 11:40
  Speaker 4: model of anime today, it's quite an archaic model where
• 11:45
  Speaker 4: different partners come in and form what's called the production committee,
• 11:49
  Speaker 4: and there's a merchandising partner, right they put in you know,
• 11:52
  Speaker 4: x percent, and then they get the merchandising rights, and
• 11:55
  Speaker 4: then another licensing partner comes in with like the TV rights.
• 11:59
  Speaker 4: What this means though, is that the actual animators and
• 12:02
  Speaker 4: the anime studios oftentimes are not part of the production committee.
• 12:06
  Speaker 4: They're more of like a contractor in this whole deal,
• 12:08
  Speaker 4: and even if the anime becomes really really popular, they
• 12:12
  Speaker 4: still kind of remain underpaid.
• 12:14
  Speaker 1: Japan could become a new mecca for crypto in general,
• 12:18
  Speaker 1: so keep an eye on them. It is going to
• 12:21
  Speaker 1: be a big one for sure. Listen, if you guys
• 12:23
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