Japan's Coincheck to offer up to 5% interest on bitcoin deposits
Japanese bitcoin owners will be able to earn interest on the virtual currency through domestic exchange Coincheck, which is launching the first deposit accounts for bitcoin in Japan. Coincheck will provide users with four plans, allowing them to deposit the cryptocurrency for 14 days at a 1% annual interest rate, 30 days for 2%, 90 days for 3% or a year for 5%. Interest is paid in bitcoin. The Financial Services Agency has stated that the offering is exempt from banking law and fund settlement law, as bitcoin remains non-legal tender.
TOKYO -- Japanese bitcoin holders will soon be able to reap virtual interest, as domestic exchange Coincheck is launching the country's first interest-paying fixed deposit accounts for the digital currency.

The Tokyo-based Coincheck will offer four plans, letting users deposit their currency for 14 days at a 1% annual interest rate, 30 days for 2%, 90 days for 3%, or a full year for 5%. So an account holder depositing 10 bitcoin ($15,956) for 90 days would earn roughly 0.07 bitcoin.