Bitcoin
NOWNodes: Empowering Businesses in the Web3 Era

NOWNodes: Empowering Businesses in the Web3 Era with Cost-Effective Node Services and Unparalleled Expertise
Estonian-based node provider, NOWNodes, is setting high bars in the web3 industry, demonstrating the vast capabilities of decentralized technologies. In a recent interview with Anna, the Marketing Manager, and Tim, the Business Development Manager, the duo shed light on their role in the company, its past, present, and ambitious plans for the future.
Founded four years ago as a small department within ChangeNOW, NOWNodes has grown into a significant company in the blockchain industry. They offer cost-effective solutions for businesses in the web3 sphere, cryptocurrency wallets, blockchain-based exchanges, and swap services.
“As a node provider, we essentially allow crypto companies to communicate with the blockchain. Instead of deploying a node on their own – which is costly and complex – most companies use node providers like us to cut costs. That’s what we do,” explained Tim.
At present, NOWNodes supports 68 blockchains, a number they ambitiously plan to increase to 100 by the end of the year. They work closely with many popular chains such as BNB Chain, Polygon, SOLANA, and Cardano, providing services to crypto companies for transaction processing into their infrastructure like payment systems, exchanges, or trading platforms.
Their biggest challenge currently is to maintain uptime. “Maintaining 68 blockchains and approximately 200 nodes is very complicated. Uptime is extremely important to all our partners. We’re focusing on increasing our uptime from 99,95% to 100%,” shared Anna.
Despite the challenges, NOWNodes takes pride in its achievements. While Tim and Anna couldn’t disclose all their partners due to non-disclosure agreements, they did mention some of their big-name clients like Guarda Wallet, bitsCrunch, and PointPay.
On future plans, Tim revealed their primary objectives: “We plan to establish a WebSocket connection to every node we support and increase the number of supported blockchains from 68 to 100. We’re also continuing to deploy block explorers and WebHooks for all the blockchains we work with.”
Having recently attended the Blockchain Economy Summit Istanbul, both Anna, and Tim described the experience as enlightening, with numerous opportunities for networking and knowledge exchange. They expressed admiration for Adrian from Birb Nest and expressed anticipation for future events.
As they celebrate their fourth anniversary, NOWNodes stands as a testament to the power of growth, determination, and passion. Their story offers insights into the potential of decentralized technology, all the while shaping the future of the web3 industry.
On the day of publishing this article, NOWNodes has already supported 74 blockchains.
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CoinReporter.io and EUReporter.co does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Bitcoin
Japan to Classify Bitcoin as Financial Products Like Securities – Nikkei

Tokyo, Japan – In a significant move that underscores the evolving landscape of cryptocurrency regulation, Japan’s Financial Services Agency (FSA) is reportedly planning to classify Bitcoin and other cryptocurrencies as financial products akin to securities. This decision, highlighted by Nikkei, one of Japan’s leading financial newspapers, could signal a new era for the crypto market in one of Asia’s largest economies.
Regulatory Shift
The FSA’s proposal aims to treat cryptocurrencies not just as payment instruments but as legitimate investment vehicles, akin to stocks and bonds. This reclassification would entail a more detailed regulatory framework, aligning crypto assets with traditional financial products under Japan’s Financial Instruments and Exchange Act (FIEA). Here are the key aspects of this shift:
- Tax Benefits: With this new classification, there might be a reduction in the tax burden on cryptocurrency earnings, potentially dropping from the current high rates to a more competitive 20%, similar to traditional financial assets.
- Spot Bitcoin ETFs: The FSA is considering lifting the ban on spot Bitcoin Exchange-Traded Funds (ETFs), which would allow investors to gain exposure to Bitcoin’s price movements without owning the cryptocurrency directly. This could attract more institutional investors to the market.
- Investor Protection: Enhanced regulation would likely bring about stricter investor protections, including mandatory disclosures from companies dealing in crypto assets, similar to what is required for securities.
Market Implications
The implications of this regulatory change could be profound:
- Increased Institutional Investment: By equating Bitcoin with more traditional financial products, Japan might see an influx of institutional money into the crypto market, providing a boost to liquidity and potentially stabilizing price volatility.
- Boost to Blockchain Innovation: Lower taxes and a clearer regulatory environment could encourage more blockchain and fintech companies to innovate in Japan, leveraging the country’s technological prowess.
- Enhanced Market Integrity: With crypto assets under a regulatory microscope, there could be a significant reduction in fraudulent activities, making the market safer for investors.
Global Influence
Japan’s move to reclassify Bitcoin might influence other nations to reconsider their own regulatory approaches to cryptocurrencies. Given Japan’s history of being at the forefront of crypto regulation, this decision could set a precedent for other countries looking to balance innovation with investor protection.
Current State of Affairs
The FSA’s plans are still in the discussion phase, with closed-door sessions involving industry experts to tailor the regulations. An official announcement is expected in June 2025, with further discussions in the Financial System Council leading up to potential legislative changes in the regular assembly session of 2026.
This regulatory reform comes at a time when the crypto market is experiencing significant growth, with global interest in digital assets on the rise. For Japan, a country with a high crypto adoption rate, these changes could cement its position as a leading hub for blockchain technology and cryptocurrency trading.
Conclusion
Japan’s decision to classify Bitcoin as a financial product like securities is a bold step towards mainstreaming cryptocurrencies within its financial system. While this move is expected to bring numerous benefits in terms of investor participation and market stability, it also underscores the need for a balanced approach to regulation that fosters innovation while ensuring security and transparency. As the details unfold, the global crypto community will be watching closely to see how this regulatory shift in Japan shapes the future of cryptocurrency investments worldwide.
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