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Bank of Japan Testing Digital Yen CBDC

Bank of Japan Testing Digital Yen CBDC

The Bank of Japan (BoJ) has just announced that it will begin experimenting with a Digital Yen, its own Central Bank Digital Currency (CBDC) to test its technical application and feasibility.

Japan May Take Several Years To Issue a CBDC says Former BoJ Executive

Japan May Take Several Years To Issue a CBDC says Former BoJ Executive

Hiromi Yamaoka, a former executive of the Bank of Japan believes the central bank will need several more years before it can issue its proposed CBDC.

Bank of Japan Now Considers its CBDC Project a Top Priority

Bank of Japan Now Considers its CBDC Project a Top Priority

A review of the recent uptick in activities and as confirmed by a Bank of Japan’s senior official, Japan now considers its CBDC project a top priority

Bank of Japan Wants to Hear From Public About Digital Yen Development

Bank of Japan Wants to Hear From Public About Digital Yen Development

The head of Bank of Japan (BOJ)’s payments and settlement systems department, recently said that the Central Bank was seeking public opinion on the digital yen.

BITWORK alliance with BINARYSTAR, ultimately creating a greater knowledge hub and Blockchain Community between Hong Kong & Japan

BITWORK alliance with BINARYSTAR, ultimately creating a greater knowledge hub and Blockchain Community between Hong Kong & Japan

BITWORK, the Blockchain community pioneer headquartered in Hong Kong is proud to announce their new strategic partnership with BINARYSTAR, is a renowned company operating Blockchain businesses and community in Japan.

BOJ Governor: Japan Should Prepare "Thoroughly" for the Issuance of its  Digital Currency

BOJ Governor: Japan Should Prepare "Thoroughly" for the Issuance of its Digital Currency

Haruhiko Kuroda, the Bank of Japan (BOJ) governor, has highlighted the need for the nation’s central bank to prepare thoroughly for the rollout of its digital currency with initial experiments expected for this spring.

Bank of Japan to Launch CBDC Proof-of-Concept in 2021

Bank of Japan to Launch CBDC Proof-of-Concept in 2021

The Bank of Japan (BOJ) has revealed its plan to kick start an early proof-of-concept on the issuance of its central bank digital currency (CBDC) next year.

Warren Buffett Ditches US Dollar, Bitcoin Price Set to Soar

Warren Buffett Ditches US Dollar, Bitcoin Price Set to Soar

As the US dollar keeps plummeting, Max Keiser revealed that Warren Buffett has moved his assets out of the US market, setting Bitcoin for its next surge.

Bank of Japan Sets Up New Research Team For Digital Yen CBDC Development

Bank of Japan Sets Up New Research Team For Digital Yen CBDC Development

Japan’s central bank has recently revealed that it has created a new team to research on Central Bank Digital Currencies.

FTX Japan Loses Thousands of Users After Resuming Withdrawals

FTX Japan Loses Thousands of Users After Resuming Withdrawals

Over 7,026 FTX Japan members have transferred $50 million in crypto and cash to Liquid.

CBDC Project will Help Enhance Japan's "Settlement System," Says Bank of Japan Executive

CBDC Project will Help Enhance Japan's "Settlement System," Says Bank of Japan Executive

Bank of Japan's Kazushige Kamiyama has revealed that the country’s proposed central bank digital currency will enhance the country’s settlement system.

Over 30 Japanese Firms to Conduct Digital Yen Pilot Test

Over 30 Japanese Firms to Conduct Digital Yen Pilot Test

Major Japanese companies from various sectors will collaborate to engage in a pilot test to issue a private digital currency or Digital Yen.

Bank of Japan will test digital yen with three megabanks

Bank of Japan will test digital yen with three megabanks

Bank of Japan is working with three megabanks and regional banks to issue CBDCs. The pilot will test the issue of Japan's digital yen in 2023. 2026 ruling on digital currency.

Binance Seeks Reentry to Japanese Market

Binance Seeks Reentry to Japanese Market

Japan’s easing crypto approach attracts crypto exchange Binance to ask for reentry to this island nation after failing to do so four years ago due to stringent measures.

Animoca Brands Japan and Quidd Release Digital Collectibles of Manga 'FAIRY TAIL'

Animoca Brands Japan and Quidd Release Digital Collectibles of Manga 'FAIRY TAIL'

Animoca Brands Japan and Quidd announced the release of digital collectibles from popular manga 'FAIRY TAIL'.

Ripple (XRP) Launches Fund to Boost Innovation on XRP Ledger in Japan and Korea

Ripple (XRP) Launches Fund to Boost Innovation on XRP Ledger in Japan and Korea

Ripple (XRP) introduces XRPL Japan and Korea Fund to support blockchain innovation and community growth.

Immutable (IMX) Expands to Japan: Partnership with QAQA and DM2C Studio to Drive Web3 Gaming

Immutable (IMX) Expands to Japan: Partnership with QAQA and DM2C Studio to Drive Web3 Gaming

Immutable (IMX) partners with QAQA and DM2C Studio to introduce web3 gaming to the Japanese market, enhancing digital ownership and gaming experiences.

Japan Boosts AI Sovereignty with Cutting-Edge ABCI 3.0 Supercomputer

Japan Boosts AI Sovereignty with Cutting-Edge ABCI 3.0 Supercomputer

Japan's AIST integrates NVIDIA H200 GPUs into ABCI 3.0 to enhance AI sovereignty and research capabilities.

Japan Rural Dwellers to Experience the Use of Blockchain in Property Acquisitions

Japan Rural Dwellers to Experience the Use of Blockchain in Property Acquisitions

A new platform has shown through trial methods that Japanese real estate fund was more efficient, transparent, and compliant with the use of digital securities and blockchain technology.

Japan Asks Crypto Exchanges to Cancel Russian Sanction Related Transactions

Japan Asks Crypto Exchanges to Cancel Russian Sanction Related Transactions

Following concerns from the G7 nations, Japan has requested crypto exchanges to suspend transactions of crypto assets that are subject to asset-freeze sanctions against Russia and Belarus, Reuters reported.

Japan Concerned About AI Chatbots

Japan Concerned About AI Chatbots

A new survey in Japan reveals that 69.4% of the population wants stricter regulation in the development of AI chatbots. This comes as Japanese officials consider integrating AI into their systems.

High Taxation in Japan is Driving Crypto Businesses Away, Entrepreneur Says

High Taxation in Japan is Driving Crypto Businesses Away, Entrepreneur Says

To prevent entrepreneurs from leaving the nation, Japan should minimize corporate taxes on crypto businesses, according to Sota Watanabe, the CEO of Stake Technologies Pte.

Japan Accelerates Digital Yen Plans Amidst Global CBDC Race

Japan Accelerates Digital Yen Plans Amidst Global CBDC Race

Japan is advancing its plans for a digital yen, with the Bank of Japan set to pilot a CBDC program and the finance ministry preparing an expert panel to address legalities, signaling a significant shift in Japan's traditional cash-centric economy.

Proposal to Amend Cryptocurrency Leverage Regulations in Japan

Proposal to Amend Cryptocurrency Leverage Regulations in Japan

JCBA has proposed to JVCEA to amend the leverage ratio regulations in cryptocurrency margin trading, advocating for the application of corporate leverage calculation methods to individual transactions as well. The proposal aims to align the crypto market's leverage regulations with other derivative markets and possibly re-attract users who shifted to overseas exchanges for higher leverage.

Japan Blockchain Association Proposes Cryptocurrency Tax Reforms to Government

Japan Blockchain Association Proposes Cryptocurrency Tax Reforms to Government

The Japan Blockchain Association (JBA), led by Representative Director Yuji Kano of bitFlyer, submitted a proposal for cryptocurrency tax reforms to the government on July 28, 2023.

Tencent to Offer Metaverse Business Support in Japan before Feb

Tencent to Offer Metaverse Business Support in Japan before Feb

Tencent reportedly will launch services for supporting the virtual space "Metaverse" business to Japanese companies before February.

Japanese Crypto Trading Activity Fell as COVID-19 Pandemic Hit in March

Japanese Crypto Trading Activity Fell as COVID-19 Pandemic Hit in March

The Japan Virtual and Crypto assets Exchange Association has reported that during the COVID-19 pandemic there has been a decline in active crypto-trading in Japan.

Japanese University Integrates Blockchain for Tamper-Proof Academic Records

Japanese University Integrates Blockchain for Tamper-Proof Academic Records

The Muroran Institute of Technology, located in Hokkaido, Japan, is piloting a blockchain initiative to authenticate the academic records of its students. Five other Japanese universities are expected to follow suit in 2020.

Liquid Partners with Binance to Enhance Identity Verification with eKYC Solution in Japan

Liquid Partners with Binance to Enhance Identity Verification with eKYC Solution in Japan

Liquid Inc. teams up with Binance to provide eKYC identity verification in Japan, leveraging AI-based facial authentication for secure and compliant user verification.

Ripple Most Likely to Relocate Blockchain Firm to Japan Over Other Countries, Says SBI Holdings CEO

Ripple Most Likely to Relocate Blockchain Firm to Japan Over Other Countries, Says SBI Holdings CEO

It appears that blockchain firm Ripple Labs may favor Japan over other locations when considering new headquarters outside of the United States.

Chinese Government to Consider Cross-Border East-Asian Stablecoin for Hong Kong Amid Implementing Controversial National Security Law

Chinese Government to Consider Cross-Border East-Asian Stablecoin for Hong Kong Amid Implementing Controversial National Security Law

Chinese officials to consider a cross-border stablecoin in Hong Kong, to facilitate a cross-border payment network between three Asian countries, and four currencies China, Japan, and South Korea. The world’s second-largest economy is aiming to build Hong Kong into an international financial center in the digital economy era. At China’s annual “Two Sessions,” also known as the National People’s Congress, China’s most important annual political event in Beijing, officials set the decision to impose new national security legislation on Hong Kong.

FTX Japan users withdraw funds amid litigation

FTX Japan users withdraw funds amid litigation

Due to the large number of FTX-SBF victims, payment is projected to take time.

Japan Appoints Crypto-Friendly Leader as New Financial Services Agency Commissioner

Japan Appoints Crypto-Friendly Leader as New Financial Services Agency Commissioner

Japan’s government seeks to appoint crypto-friendly leader Ryozo Himino as the next commissioner of the country’s Financial Services Agency.

FTX Apparently Has Three More Months To Cease Business In Japan

FTX Apparently Has Three More Months To Cease Business In Japan

Local authorities have authorized FTX Japan to resolve withdrawal difficulties. Kanto Local Finance Bureau commented on FTX Japan activities. Japanese authorities extended FTX's suspension date to March 9, 2023. After purchasing Liquid, FTX started in Japan in June 2022.

Japan Moves to Boost VC Investments in Web3 Companies Through Cryptocurrency Acquisition Bill

Japan Moves to Boost VC Investments in Web3 Companies Through Cryptocurrency Acquisition Bill

Japan's government plans to amend LPS laws to allow cryptocurrencies acquisition and holding, aiming to simplify investment processes and support Web3 businesses, boosting domestic startups.

Japan's FSA Warns Binance and Others for Operating Without Registration

Japan's FSA Warns Binance and Others for Operating Without Registration

Japan's Financial Services Agency (FSA) has warned several foreign cryptocurrency exchanges, including Binance, of conducting business in the country without proper registration, violating the nation's fund settlement laws. The FSA has been cracking down on unregistered crypto exchanges since 2020, and this warning signifies that the cryptocurrency industry in Japan and other nations is facing greater regulatory scrutiny.

Japan’s Investment Bank Nomura to Establish Digital Asset Arm

Japan’s Investment Bank Nomura to Establish Digital Asset Arm

Nomura has joined the ongoing digital assets wave in the industry.

Japan to Adopt New Stablecoin Regulations

Japan to Adopt New Stablecoin Regulations

Japan's Financial Services Agency (FSA) is trying to legalise stablecoin distribution. New 2023 legislation enable stablecoins like Tether (USDT) and USD Coin (USDC).

Ripple CEO Brad Garlinghouse Says Japan or Singapore Could be Firm's New Home

Ripple CEO Brad Garlinghouse Says Japan or Singapore Could be Firm's New Home

Ripple CEO Brad Garlinghouse said that his company has earmarked Singapore and Japan as the most crypto-friendly countries where Ripple Labs could relocate.

Japanese E-book Publisher Turns to Blockchain for Distributiion in the Pandemic Era

Japanese E-book Publisher Turns to Blockchain for Distributiion in the Pandemic Era

A Japanese book distributor is mulling an investment in a blockchain-based platform to distribute e-books, as partial lockdowns due to the ongoing COVID-19 pandemic continue in Japan.

How Far Away is Japan’s CBDC? Bank of Japan Meets with Monetary Authorities on Potential Digital Yen Issuance

How Far Away is Japan’s CBDC? Bank of Japan Meets with Monetary Authorities on Potential Digital Yen Issuance

Japan’s Monetary Authorities Get Serious About CBDC Research and Roll Out

Bank of Japan Puts Top Economist in Charge of CBDC Development

Bank of Japan Puts Top Economist in Charge of CBDC Development

Bank of Japan’s top economist, Kazushige Kamiyama is now the head of payments and settlements and at the helm of Japan’s exploration of its Central Bank Digital Currency (CBDC) project.

Three Major Central Banks Play a Pivotal Role in Bitcoin Adoption

Three Major Central Banks Play a Pivotal Role in Bitcoin Adoption

Market analyst Holger Zschaepitz believes that the big three central banks, namely the Federal Reserve (Fed), the Bank of Japan (BoJ), and the European Central Bank (ECB), have been instrumental in Bitcoin adoption.

Coinbase Requires Regional Users to Provide Recipient Details for Crypto Transfers

Coinbase Requires Regional Users to Provide Recipient Details for Crypto Transfers

Coinbase will require regional users to provide recipients' names and addresses whenever they transfer funds to other firms or exchanges, effective in April.

Binance set to reenter Japanese crypto market

Binance set to reenter Japanese crypto market

Binance is set to reenter the Japanese crypto market after acquiring the regulated crypto exchange platform, Sakura Exchange Bitcoin (SEBC). The SEBC platform will terminate its current crypto exchange and brokerage services by May 31, 2023, and reopen as Binance Japan in June. Binance had to fold its Japan operations in 2018 after regulatory warnings, but has since mended relations with regulators and reentered other markets through acquisitions.

Japan's Web3 Project Team Releases White Paper to Boost Crypto Industry

Japan's Web3 Project Team Releases White Paper to Boost Crypto Industry

Japan's Web3 Project Team, a part of the country's ruling Liberal Democratic Party, has released a white paper with recommendations for expanding the country's cryptocurrency industry. The paper suggests modifications to tax regulations, establishing accounting standards, and creating a DAO law, among other proposals.

Japan Advances LLC-Type DAOs: Easing Tokenized Membership Rights Regulations

Japan Advances LLC-Type DAOs: Easing Tokenized Membership Rights Regulations

Japan proposes amendments to ease regulations on tokenized membership rights for Decentralized Autonomous Organizations (DAOs), aligning tokenized rights with traditional company memberships, marking a significant step towards fostering DAO operations.

Japanese Lawmakers to Introduce New Bill, Empowering Crypto Seizure

Japanese Lawmakers to Introduce New Bill, Empowering Crypto Seizure

In a bid to strengthen its regulatory landscape, Japanese lawmakers are reportedly looking forward to amending the Act on Punishment of Organized Crimes and Control of Proceeds of Crime (1999)

Japanese Mobile Operator Partners with Accenture to Boost ESG Using Web3

Japanese Mobile Operator Partners with Accenture to Boost ESG Using Web3

NTT DOCOMO, the leading mobile operator in Japan, has collaborated with Accenture to propel the application and adoption of Web3 when tackling social issues.

China Leads Pan-Asian Digital Currency Project to Compete with Facebook's Libra

China Leads Pan-Asian Digital Currency Project to Compete with Facebook's Libra

Led by China, four Asian countries are in the early stages of developing a joint digital currency. The currency will help keep the Dollar and Libra in check

Japan Will Include Central Bank Digital Currency in Honebuto Economic Plan

Japan Will Include Central Bank Digital Currency in Honebuto Economic Plan

The Japanese Government has continued its acceleration towards a Central Bank Digital Currency (CBDC) and is set to include its consideration in its formal economic plan.

MoneyTap Expands in Japan with Three New Bank Integrations

MoneyTap Expands in Japan with Three New Bank Integrations

MoneyTap, the Ripple-based payment system, has expanded in Japan with three new local bank integrations through SBI Remit. This enables the banks to offer peer-to-peer remittance services to their customers via the MoneyTap mobile application, which features high-security measures.

Liquid Exchange Taps Market License to Offer Crypto Derivatives in Japan

Liquid Exchange Taps Market License to Offer Crypto Derivatives in Japan

Digital currency trading platform Liquid Exchange has tapped the Japanese license that now qualifies it as a Type I Financial Instruments Business under the Financial Instruments and Exchange Act.

Coinbase Lands in Japan, Pairing with Mitsubishi UFJ Financial Group to Expand Crypto Trading

Coinbase Lands in Japan, Pairing with Mitsubishi UFJ Financial Group to Expand Crypto Trading

US cryptocurrency exchange Coinbase announced partnered with Japan's largest bank Mitsubishi UFJ Financial Group (MUFG), to expand cryptocurrency trading in Japan.

Japan to Introduce Corporate-friendly Crypto Tax Law in 2023

Japan to Introduce Corporate-friendly Crypto Tax Law in 2023

The Japanese government proposes a new crypto tax law that will be introduced in 2023 for companies.

FTX Japan Launches Blockchain-based Proof of Solvency to Enhance Transparency and Security

FTX Japan Launches Blockchain-based Proof of Solvency to Enhance Transparency and Security

FTX Japan has introduced a blockchain-based Proof of Solvency (PoS) to ensure the transparency and security of its customer's assets. The PoS, announced on September 28, 2023, by COO Seth Melamed, enables the objective verification of asset management, allowing customers easy access to verify their balances. The details of PoS will be published weekly on the Ethereum blockchain, marking a significant step towards enhancing trust and transparency in the cryptocurrency ecosystem.

Japan to Launch Central Bank Digital Currency Pilot in April 2023

Japan to Launch Central Bank Digital Currency Pilot in April 2023

Private enterprises will test "digital yen" and CBDC ecosystem modeling in the trial.

Tables Turn for Japanese Man After Being Convicted for Secretly Installing a Crypto Mining Program

Tables Turn for Japanese Man After Being Convicted for Secretly Installing a Crypto Mining Program

The Tokyo High Court has dismissed the acquittal of a 32-year-old Japanese man who had been let off the hook by the Yokohama District Court in March 2019 after being accused of unlawfully inserting a cryptocurrency mining program dubbed Coinhive.

Japan supports OpenAI amid concerns

Japan supports OpenAI amid concerns

Japan expressed interest in incorporating OpenAI’s technology into government systems, provided privacy and cybersecurity concerns are addressed. OpenAI CEO, Sam Altman, visited Japan and met with government officials to discuss the potential of the technology and how to maximize its benefits while minimizing risks. Meanwhile, OpenAI is being investigated by Canada’s privacy commissioner for allegedly collecting and utilizing personal information without consent.

Decima Fund Secures 4.5 Billion Yen to Bolster Web3 Ventures in Japan

Decima Fund Secures 4.5 Billion Yen to Bolster Web3 Ventures in Japan

Decima Fund, a specialized Web3 venture fund, announces the successful closure of approximately 4.5 billion Yen in capital to support the global expansion of Japanese Web3 ventures.

Japan PM Says Govt’s Digital Transformation Investments Will Include Metaverse, NFTs

Japan PM Says Govt’s Digital Transformation Investments Will Include Metaverse, NFTs

Japan embraces the use ofweb3 related services like metaverse, NFTs, blockchain, as solutions to challenges facing the society.

Japan’s Rakuten To Relist XRP Margin Trading

Japan’s Rakuten To Relist XRP Margin Trading

Rakuten’s crypto-arm is about to bring XRP back to its trading platform. Officials of Rakuten have confirmed that they plan to resume XRP margin trading on their platform next week.

Japan Freezes Assets Linked to Hamas Funding

Japan Freezes Assets Linked to Hamas Funding

Japan has frozen the assets of nine individuals and a cryptocurrency firm accused of financing Hamas, following US sanctions. This move is part of a global effort to disrupt militant group financing channels, focusing on the challenges of virtual currencies in facilitating illicit financial flows.

Japan’s Financial Watchdog Believes Deregulating Crypto Does Not Necessarily Propel Technical Innovation

Japan’s Financial Watchdog Believes Deregulating Crypto Does Not Necessarily Propel Technical Innovation

After assuming the helm of Japan’s Financial Services Agency mandated with overseeing the monetary sector in July, Ryozo Himino has voiced his reservation of promoting cryptocurrency trading.

Japan’s Financial Services Agency Has Officially Chosen a New Commissioner, Himono

Japan’s Financial Services Agency Has Officially Chosen a New Commissioner, Himono

Japan's Financial Services Agency (FSA) confirmed its plans for hiring Ryozo Himono as the new commissioner of the financial watchdog group.

Japanese Advertiser Dentsu Offers Influential Manga Comic Critics Blockchain Rewards

Japanese Advertiser Dentsu Offers Influential Manga Comic Critics Blockchain Rewards

A Japanese advertising behemoth, Dentsu has partnered with Kadowkawa ASCII Research Labs to help local content creators on popular streaming apps to gain recognition and have their work critiqued by the public.

Japanese Lawmaker Urges Digital Yen Development to Curb China Dominance

Japanese Lawmaker Urges Digital Yen Development to Curb China Dominance

Japanese Lawmaker, Kozo Yamamoto has called for the expedited development of Japan’s digital yen as the race to be the first nation with an operating central bank digital currency (CBDC) heats up.

Japan’s Digitalization Effort will have Mixed Credit Impact across Sectors, says Moody’s Report

Japan’s Digitalization Effort will have Mixed Credit Impact across Sectors, says Moody’s Report

Japan’s digitalization effort will have a mixed credit impact across sectors according to a new report by Moody’s investor services.

Coinbase Takes a Step Further into the Japanese Crypto Market

Coinbase Takes a Step Further into the Japanese Crypto Market

Coinbase has been licensed in Japan since 2019, and has registered as second-class members of the Japan Virtual Currency Exchange Association (JVCEA), a self-regulatory organization for the crypto industry in Japan.

Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law

Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law

In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender.

IOTA Foundation Partners with the Japanese Government to Create Digital Infrastructure with DLT and AI

IOTA Foundation Partners with the Japanese Government to Create Digital Infrastructure with DLT and AI

The IOTA Foundation, announced its partnership with a Japanese national agency to strengthen the security of the critical infrastructure in the country.

Japan’s SoftBank leads $200 million investment in Brazil’s Mercado Bitcoin

Japan’s SoftBank leads $200 million investment in Brazil’s Mercado Bitcoin

Japan SoftBank recently invested $200 million into the Mercado Bitcoin crypto exchange in Brazil, which is considered the largest raised through a Series B funding round in Latin America’s history.

Researchers of Japan’s Blockchain-Based Digital Court Face Backlash Due to its Decentralized and Unregulated Nature

Researchers of Japan’s Blockchain-Based Digital Court Face Backlash Due to its Decentralized and Unregulated Nature

Researchers in Japan have been looking into a blockchain-based mechanism to settle legal disputes in a “digital court,” aiming to perform legal actions with a more cost-efficient legal process.

Japan’s Finance Minister Says No Plans to Lower Taxes for Cryptocurrencies Amid Call for Tax Rate Cut

Japan’s Finance Minister Says No Plans to Lower Taxes for Cryptocurrencies Amid Call for Tax Rate Cut

Japan’s finance minister stated that there is no need to lower crypto tax rates.

Nissan and Toyota Enter the Metaverse in Grand Style

Nissan and Toyota Enter the Metaverse in Grand Style

Japanese auto giants Nissan and Toyota have entered the metaverse, aiming at occupying a bigger proportion of the vehicles market.

Prime Minister of Japan Fumio Kishida Comes Out in Support

Prime Minister of Japan Fumio Kishida Comes Out in Support

On Feb. 1, Prime Minister Fumio Kishida addressed the House Budget Committee on DAOs, NFTs, and Web3.

Japanese Financial Giant SBI Group to Borrow from Bitcoin Holders at Annual Rate of 1%

Japanese Financial Giant SBI Group to Borrow from Bitcoin Holders at Annual Rate of 1%

SBI Group has rolled out a cryptocurrency rental service dubbed “VC TRADE LENDING” aimed at borrowing Bitcoin from customers in return for 1% annual interest.

What are the New Amendments in Japan’s Crypto Laws to be Enforced Next Month?

What are the New Amendments in Japan’s Crypto Laws to be Enforced Next Month?

Japan will be enforcing new cryptocurrency-related regulations in May, as two of the pieces of legislation were passed by the Japanese House of Representatives last year. The Payment Services Act (PSA) and the Financial Instruments and Exchange Act (FIEA) were originally scheduled to come into effect in April, however, there has been a delay and the final enforcement date has been officially pushed to May.

Japanese Startups Can Now Raise Funds Using Cryptocurrencies

Japanese Startups Can Now Raise Funds Using Cryptocurrencies

Japan's government has relaxed regulations allowing startups to raise capital through cryptocurrencies, aiming to diversify funding methods and catch up with international standards in digital asset handling. This move is particularly targeted at Limited Partnership for Investment funds, fostering innovation in the tech sector.

Eastern Asia’s Crypto Market Growth Halts, China's Crypto Transaction Volume Drops by 31% YoY

Eastern Asia’s Crypto Market Growth Halts, China's Crypto Transaction Volume Drops by 31% YoY

Eastern Asia's crypto growth came to a near standstill since last year triggered China crackdowns.

Asia Crucial to Web3 Gaming Industry

Asia Crucial to Web3 Gaming Industry

A report by DappRadar highlighted the importance of Asia in the Web3 gaming industry, due to the region's majority share of gamers and gaming revenue, as well as its high interest in blockchain technology. While China prohibits gaming companies from integrating blockchain technology, Japan and South Korea are leading the way in adopting blockchain technology in gaming.

Japanese Multinational’s Blockchain App Taps India’s Tech Talent Pool Neglected By Trump’s Visa Ban

Japanese Multinational’s Blockchain App Taps India’s Tech Talent Pool Neglected By Trump’s Visa Ban

NEC Corporation, a Japanese multinational information technology and electronics company, has partnered Persol Career, a job-hunting firm, to pilot its blockchain app to help corporate Japan recruit Indian tech engineers. Nearly 2000 Indians are expected to be hired via the app in the next three years,

Binance Japan Announces Launch Details, Set to Become Top Domestic Exchange with 34 Cryptocurrencies

Binance Japan Announces Launch Details, Set to Become Top Domestic Exchange with 34 Cryptocurrencies

Binance Japan announced plans to launch in August with 34 cryptocurrencies, surpassing domestic rivals. The offering includes unique features but excludes leverage trading.

Japan Reduces 30% Crypto Tax On Paper Earnings For Token Issuers

Japan Reduces 30% Crypto Tax On Paper Earnings For Token Issuers

To boost the Japanese banking and IT industries, the government would relax crypto company tax restrictions. Even if they haven't sold, Japanese crypto issuers must pay a 30% corporation tax on their holdings. In recent years, some local crypto/blockchain enterprises and personnel have moved abroad.

KuCoin Report Reveals 3.8 Million Japanese Engaged in Cryptocurrency

KuCoin Report Reveals 3.8 Million Japanese Engaged in Cryptocurrency

KuCoin has recently released its 13th edition of the 'Into The Cryptoverse' report, focusing on the rapidly growing cryptocurrency market in Japan.

Messaging Giant LINE is Developing a Platform for CBDC

Messaging Giant LINE is Developing a Platform for CBDC

Japanese messaging giant Line is developing a platform to aid Asian central banks in their pursuit of central bank digital currencies (CBDC).

Japan’s Major Banks Join Consortium of Private Firms to Launch Yen-Based Digital Currency

Japan’s Major Banks Join Consortium of Private Firms to Launch Yen-Based Digital Currency

The private sector in Japan has joined forces to examine the trial and launch of a CBDC as a way of streamlining large funds transfers and settlements among financial firms.

Japan’s Financial Regulator Proposes New Legislations, Limiting Stablecoin Issuance to Banks

Japan’s Financial Regulator Proposes New Legislations, Limiting Stablecoin Issuance to Banks

Japan’s FSA is working on a legislation that is set to be introduced next year. The regulations seek to make it only wire transfer companies and banks can issue stablecoins.

FTX Japan Plans to Resume User Withdrawals in February

FTX Japan Plans to Resume User Withdrawals in February

On Feb. 17, FTX Japan notified impacted customers to verify their account balances to make withdrawals.

Gate.io Executive Explains: What Can We Expect for the Upcoming Bitcoin Halving Event and Crypto in 2020?

Gate.io Executive Explains: What Can We Expect for the Upcoming Bitcoin Halving Event and Crypto in 2020?

Bitcoin halving has been suggested as a significant event. Gate.io also released a halving countdown page for nine major cryptocurrencies in 2020, keeping its users informed of the latest status on halvings. “As an exchange, we want to be instrumental in providing useful information about Bitcoin Halving to our users and the overall community,” Tatibouet said.

Mutual Efforts with Europe, U.S. Key for CBDC Issuance: Bank of Japan Governor

Mutual Efforts with Europe, U.S. Key for CBDC Issuance: Bank of Japan Governor

Joining hands with the United States and Europe is fundamental when meeting technical issues needed in the issuance of a central bank digital currency (CBDC).

Japan's Tech Companies Collaborate to Build Open Metaverse Infrastructure

Japan's Tech Companies Collaborate to Build Open Metaverse Infrastructure

Several tech companies in Japan have signed an agreement to create the Japan Metaverse Economic Zone and an open metaverse infrastructure called Ryugukoku. The infrastructure will serve as a new social infrastructure for enterprise digital transformation and enable interoperability across different platforms.

Mitsubishi to Digitize Metal Resource Trade on Blockchain Platform

Mitsubishi to Digitize Metal Resource Trade on Blockchain Platform

Mitsubishi Corporation has launched a blockchain platform to streamline and digitize metal trading via its metals and minerals subsidiary.

SBI to Launch the First Crypto Fund for Long-term Investors in Japan at the end of November

SBI to Launch the First Crypto Fund for Long-term Investors in Japan at the end of November

The Japanese Financial Giant SBI Group stated that it will launch its first cryptocurrency fund in Japan before the end of November to provide Japanese investors with a more diverse portfolio.

Japanese Firms to Launch New Web3 Game CAPTAIN TSUBASA RIVALS

Japanese Firms to Launch New Web3 Game CAPTAIN TSUBASA RIVALS

The new Japanese football-featured Web3 game will allow users to connect globally with the popular manga character.

Coinbase Leaves Japan After Trade Collapse

Coinbase Leaves Japan After Trade Collapse

Coinbase announced its Japan exit on Jan. 18. Customers have a month to remove money and crypto from the site. After February 17, Coinbase Japan users' crypto holdings will be automatically converted to yen (JPY). From Jan. 20, fiat currency deposits are unavailable.

What Does the Japanese FinTech Landscape Look Like?

What Does the Japanese FinTech Landscape Look Like?

Tokyo, the capital of Japan has been ranked as one of the top 12 FinTech hubs in the world by Deloitte’s A tale of 44 cities: Connecting Global FinTech: Interim Hub Review 2017. The Tokyo Metropolitan Government (TMG) created policy outlines to form the city with the vision of an unrivaled global financial center.

Japan's FSA Unveils Financial Policy Focus for 2023:

Japan's FSA Unveils Financial Policy Focus for 2023:

Japan's Financial Services Agency (FSA) has announced its fiscal 2023 financial administrative policy, aiming to maintain economic stability and tackle social issues like climate change and digital transformation.

Arbitrum Foundation and Fracton Ventures Ally to Boost Arbitrum Adoption in Japan

Arbitrum Foundation and Fracton Ventures Ally to Boost Arbitrum Adoption in Japan

The Arbitrum Foundation has formed a strategic partnership with Fracton Ventures to launch Arbitrum Japan, aiming to accelerate blockchain technology adoption and expand the Arbitrum ecosystem in the country. This alliance is poised to generate new business avenues, especially in finance and entertainment sectors, and bolster community engagement through educational initiatives.

FTX Japan Users Withdraw Funds Amidst Legal Battle

FTX Japan Users Withdraw Funds Amidst Legal Battle

FTX Japan users have begun withdrawing all their funds after the slowdown in fund withdrawals due to Binance liquidating its FTX Token (FTT) holdings. While FTX Japan resumed withdrawals on Feb. 21, the legal battle with Sam Bankman-Fried (SBF) continues.

The top Mt. Gox creditor chose to have an early payout in BTC

The top Mt. Gox creditor chose to have an early payout in BTC

Mt. Gox creditors may be paid more, but it may take nine years to finalize the bankruptcy procedure.

Tokyo District Court Ordered Japan’s First Bitcoin Seizure

Tokyo District Court Ordered Japan’s First Bitcoin Seizure

The Tokyo District Court has set a legal precedent for the cryptocurrency industry in Japan, by issuing the first Bitcoin seizure.

Japan Aims to Curb the Potential Influence of China’s Digital Currency With Help From the US

Japan Aims to Curb the Potential Influence of China’s Digital Currency With Help From the US

Aiming to curb the potential influence of China’s digital currency electronic payment, its nation’s central bank digital currency, Japan is looking to release its own digital currency proposals today. According to Prime Minister Shinzo Abe, the country is also requesting support from the US Federal Reserve.

KPMG Launches Blockchain-Integrated Supply Chain Platform in Australia, China & Japan

KPMG Launches Blockchain-Integrated Supply Chain Platform in Australia, China & Japan

Big Four audit firm, KPMG has announced that it has rolled out a blockchain-enabled track and trace platform dubbed KPMG Origins in Australia, China, and Japan. The platform leverages on emerging technological innovations, such as blockchain and internet of things sensors (IoT), as well as analytics and data tools.

SBI Group Introduces Blockchain-Based Money Transfer Service Between Japan And Vietnam

SBI Group Introduces Blockchain-Based Money Transfer Service Between Japan And Vietnam

SBI Ripple Asia recently announced that it has joined hands with SBI Remit to provide money transfer services between Japan and Vietnam using blockchain technology. Of course, the two Japanese companies are working with a local Vietnamese bank – Tien Phong commercial joint stock bank – for making the transfer in fiat currency.

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