Japan should hasten to Digital Yen, expert
Tetsuya Inoue, a former official of the Bank of Japan, explains that the country must hasten towards Digital Yen. Inoue, currently a researcher at the Nomura research department, expresses that the country is not in any haste to digitize its currency, but Japan should be concerned about the adaption to central bank digital currency (CBDC). […]
Kraken crypto exchange returns to Japan after 2 years
Popular American digital assets outfit, Kraken crypto exchange has announced that it has plans to return to the Japanese market after an absence of two years. In the announcement, the crypto company announced that it will enter the market via its affiliation with Tokyo based entity, Payward Asia subsidiary. Kraken crypto exchange in the early […]
Bitcoin ransom demanded to stop bomb explosion in Japan, Ukraine
Local reports in Japan revealed that the Numata Town Hall office, a government infrastructure in Hokkaido, an island in Japan, received bomb explosion threats after not giving any response to demanded Bitcoin ransom. The office earlier in the week was threatened to be bombed by an anonymous caller who claimed the bombs would be planted […]
BOJ appoints senior economist to lead Japan CBDC research department
The latest report on Japan CBDC has informed that the central bank’s senior economist will now head the team overseeing the research of the nation’s planned digital currency. The appointment today shows the extent to which the central bank is pushing to research a feasible digital currency that can meet certain challenges highlighted in its […]
Japanese crypto exchange delists 29 coins to get license in Singapore
Popular Japanese crypto exchange firm, Liquid has delisted 29 cryptocurrencies, including Monero (XMR), Zcash (ZEC), among others to abide by Singaporean crypto regulations. Liquid embarked on this delisting to become a licensed crypto firm in Singapore. Crypto regulations in Singapore recently has been upgraded to meet standards set by the Financial Action Task Force (FATF). […]
Son of ex-Nissan chairman made crypto payments to avoid financial charges – US
United States prosecutors have claimed that the son of Carlos Ghosn, the former chairman of Japanese automobile manufacturer, Nissan, made crypto payments to a US national, who helped him escape from Japan to avoid facing financial charges. Now, the US has refused the release of the helpers on bail. Ghosn’s son made crypto payment for […]
SMBC joins Countour Beta Framework after extensive testing by 50 banks and corporations
Sumitomo Mitsui Bank Corporation (SMBC), signed a letter of intent to join Contour’s Beta Network and scored a membership deal with Switzerland’s Komgo–a blockchain-based commodity trading platform whose shareholders are drawn from banking, oil, and trading industries. SMBC is the third-largest bank by assets in Japan This is a good strategy after work disruptions […]
Huobi Japan asks users to vote on new token listing
Huobi Japan has issued an announcement calling its users to vote on which new cryptocurrencies they would like to see added to the platform. According to the announcement, Huobi Japan is considering adding six new tokens, which include; Enjin (ENJ), IOS Token (IOST), Neo (NEO), Ontology (ONT), Qtum (QTUM), and Tezos (XTZ). ◆フォビ、株式会社HashPort Acceleratorと共催で、新規取扱い暗号資産の上場に関する投票アンケートを開催◆ 🎉本日スタート🎉/ […]
BoJ heightens its approach towards Japan digital currency with new team
Many central banks have woken to the concept of central bank digital currency (CBDC), probably due to China’s moves to issue one. Today, the Bank of Japan (BoJ) has heightened its approach towards a potential Japan digital currency, although it previously declined to have plans to launch a CBDC. Japan sets up a digital currency […]
Mitsubishi cryptocurrency coming soon, says MUFG president
The crypto community is awaiting a Mitsubishi cryptocurrency since 2015. The largest financial firm in Japan, MUFG, is planning to launch its very own digital currency in 2020. Scheduled to go live in the fourth quarter of 2020, the cryptocurrency would be the first-of-its-kind in the Asian nation’s financial history. The chief executive officer and […]
Japanese crypto industry thrives despite digital shift lag
Does the Japanese crypto industry thrive? During the Covid-19 pandemic, financial specialists overall gathered cryptographic forms of money. The US and China have taken the primary stage. Other nations like Japan are now building up their own CBDCs and trying different things with various types of transformation for the Japanese crypto industry. The Bank of […]
Japan CBDC: BoJ explores offline usability of its digital currency
Japan is another popular Asian country that is pushing through the launch of a central bank digital currency (CBDC). Reportedly, the Central Bank of Japan (BoJ) is exploring ways to initiate offline usability of Japan CBDC, due to some challenges facing the country. BoJ wants Japan CBDC available offline In the bank’s latest research report, […]
Huobi token set to be listed after Japan financial regulator’s approval
Huobi Token, the digital asset of global and Singapore based exchange firm, Huobi is set to get listed. The token would mark as the first foreign exchange token to be listed after approval from Japan’s financial regulator. Huobi token would be launching on Huobi Japan alongside sic other trading pairs, which are the Japanese yen, […]
Nomura Holdings launches a digital asset custody service in a joint venture
One of the largest Japanese financial companies, Nomura Holdings has launched a digital asset custody service for institutional investors in a joint venture with crypto wallet provider Ledger and CoinShares. The custodian titled Komainu was officially launched this Wednesday while the project has been in development since 2018. Digital asset custody service for institutions The […]
Tokyo power company plans blockchain electricity trading system
Residents in Japan might be seeing a whole new application of blockchain technology in the power sector. The Japanese electric utility holding company, TEPCO Holdings, has formed a partnership to develop a blockchain electricity trading system that will enable Japanese households to trade excess power. Japan households prepare to sell surplus power The blockchain electricity […]
Digital payments infrastructure: DeCurret to join the top three Japanese banks in digital payments exploration
The three largest Japanese banks are setting up a study group to explore digital payments infrastructure. Japanese cryptocurrency exchange platform DeCurret will lead the group and organize the group’s events, such as the group meetings, which are scheduled to take place twice a month. Japan is considering the option of creating a common digital payments […]
Japanese credit card issuer goes blockchain for payment solutions
Japanese credit card issuer JCB is turning to blockchain technology to enhance it payment platform. The cross-border payment platform will provide options for its merchant network to accommodate both the fiat and crypto users. JCB partnership with TECHFUND is set to develop a payment system that will ride on the popular technology. In a press […]
Huobi Derivatives rebranded to Huobi Futures, due to market boom
One of Singapore’s leading exchanges, Huobi has announced an upgrade in its services. The firm said it had upgraded its Huobi derivatives exchanges to Huobi Futures as a result of the attention it is enjoying from investors. The new upgrade was by Ciara Sun, Head of Huobi Global Business while talking to reporters. The new […]
SBI Holdings plans integration of Ripple payments with SBI ATM network
By bringing Rripple payments with SBI ATM network, the financial giant is transforming the conventional banking channels. SBI Holdings of Japan is considering deploying the Ripple payments network to make ATM access easier for the Japanese. If this happens, this will be a massive milestone in the journey towards mainstreaming blockchain technology. SBI, the Japanese […]
Crypto impersonators hit the Japan 2020 Olympic Games
Crypto impersonators are getting smarter and exploring all avenues to make an extra buck. Scammers are taking advantage of the postponed Japan Olympic Games by soliciting donations. To make their schemes appear real, they are impersonating the Olympic Games Committee team. Emails purporting to originate from Japan are asking victims to send crypto donations to […]
Bitmex Japan closes shop amidst tightening crypto regulations
As Bitmex Japan closes its operations, the ever-tightening rules in the country are sparking a worrying trend. Japan has a liberal crypto scene where innovation and new players are promoted. Lately, the country is witnessing an increased strictness in the crypto-related financial regulations. Bitmex Japan closes in a bid to avoid the mounting regulations. The […]
Japanese crypto regulators approve Huobi Token
The Japanese crypto regulators have approved the Huobi token. The native Huobi crypto exchange token has made history by becoming the first to be approved in Japan. According to the regulating body Financial Services Agency (FSA), Huobi Token (HT) is a compliant cryptocurrency asset. The Japanese crypto community has every reason to smile as the […]
New Sony blockchain database aims to improve transportation network
Sony, the multinational Japanese consumer electronics manufacturer, has announced a new blockchain database. Called Blockchain Common Database or BCDB, the new system will leverage DLT to improve MaaS, which is fully known as Mobility as a Service. Sony blockchain database to improve MaaS The new Sony blockchain database was independently established by the company and […]
SBI-backed FXCoin begins Japan crypto trading service with Bitcoin
As the crypto market gradually recovers from the recent crash, a Tokyo-based cryptocurrency startup, FXCoin, has announced plans to provide cryptocurrency trading on its platform. It plans to start with Bitcoin (BTC), according to the report on Bloomberg. The company, which is backed by SBI Holdings, was established by the ex-Deutsche Bank AG official, Tomoo […]
Japan STO Association has revealed new regulatory guidelines
The Japan STO Association revealed that it had issued new guidelines to ensure clients’ financial safety and privacy. The Japan Security Token Offering (STO) Association has released self-regulatory guidelines on how to distinguish clients’ assets and electronic record transfer rights. The guidelines are available on the association’s website. Japan STO Association unveils new guidelines The […]
Japan-based DeCurret crypto exchange rolls out $25 million in new shares
Japan-based DeCurret cryptocurrency exchange, the firm behind the campaign on using digital currencies as a mode of payment for Japan’s giant transportation system, has just restructured its capital. Through a press release published on April 10, DeCurret announced it had rolled out new shares valued at roughly $25 million, in an arbiter allotment of shares. […]
Japanese crypto tax rates challenged, review proposed
Digital currency taxation is seen as a complex affair but the Japanese crypto tax rates have been challenged. A state lawmaker faulted the State on its policy on the existing rates. The lawmaker claims that the rates on profits are on the higher side. This has seen high profile investors preferring not to pay the […]
Crypto regulations in Japan benefit overseas exchanges in the long term
Recent findings show that strict laws and crypto regulations in Japan are hindering foreign exchanges from doing business in Japan. A gaming developer, DoubleJump.Tokyo rolled out the research team So & Sato to find out and provide a report on Japan’s crypto assets. A report issued out on March 31st looked into the regulatory treatment […]
