The Japanese trading community is buzzing with observations that data associated with Soneium, a prominent blockchain project marketed with strong Japanese origins, indicates an operational base in India. Initially, users noticed that App Store data or developer account connections appeared to be based in India, contradicting the project's domestic branding. Further fueling this narrative, market observers have noted that social media location features are also identifying India as the source of official updates for Soneium. This discovery has sparked deeper discussions regarding the project's actual operational base and strategy. Community members are now speculating that the project may be operating from overseas jurisdictions to navigate strict domestic regulations in Japan or for cost efficiency. Comparisons are being drawn to other Japanese projects that operate from Malaysia or India to leverage regulatory arbitrage while maintaining a Japanese brand face. While traders initially joked about outsourced development, the consistent data points across platforms have led to more serious speculation about the project's structural setup. [Update 1] Additional reports confirm that social media location tags on official updates are pinpointing India, reinforcing earlier findings from App Store data. The discussion has expanded to consider whether this is a strategic move for regulatory arbitrage similar to other Japanese crypto entities operating offshore.