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Japan News and Articles



Japan

Japan plans to strengthen control over cryptocurrency exchanges

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The Japanese government plans to amend the legislation on currency regulation. In parallel, it plans to strengthen control over cryptocurrency exchanges and services as part of compliance with the sanctions legislation. According to Cabinet spokesman Hirokazu Matsuno, Japan will adhere to a policy...

Russia

Japanese crypto exchanges and services will stop serving Russians

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Against the backdrop of increased sanctions pressure and limited access to dollars and euros, the interest of citizens and companies in cryptocurrencies has sharply increased in Russia. Bitcoin exchanges have recorded an increase in investment in both Bitcoin and stablecoins. At the beginning of...

Japan

Japanese banks will take part in digital yen testing

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Back in July, some details of the project to create the Japanese digital currency (CBDC) became known. The CBDC concept is going to be formed in 2022. This week, Japanese media reported that about 70 companies and banks are planning to participate in the development and testing of the token. An...

Japan

CB of Japan integrates its token into the payment infrastructure

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During the last week, Shinichi Uchida, Japan's central bank spokesman, said that the regulator plans to integrate the digital yen into the existing payment infrastructure. That is, the Japanese authorities do not want to reform the financial sector and adjust it to the token. Uchida stressed that...

Japanese Financial Services Agency

Japanese regulator issues warning to Bybit exchange

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The Japanese Financial Services Agency (FSA) has issued a warning to the crypto exchange Bybit for performing without a license. The regulator did not specify whether it plans to make any claims to the trading platform. In February 2021, Bybit received a similar warning from the UK Financial...

Japan

Japan urges regulators to form a unified legal core for CBDC

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Japan is on the list of those states whose central banks plan to issue national cryptos (CBDC) in the coming years. In early April, the Bank of Japan launched the first round of digital yen testing. It will end by early March 2022. During the second stage of testing, the regulator plans to involve...

Digital Yen

Bank of Japan launches phase I digital yen test

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The Bank of Japan announced the start of the first stage of testing the national digital currency. At the end of last year, it became known that Japanese banks will take part in testing the CBDC. During the first stage of testing the token, the regulator will assess the possibilities of CBDC as a...

Japan

Japan issues first regulated security tokens

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Sumitomo Mitsui Trust Bank (SMTB) and security token technology provider Securitize have privately placed Japan's first such instrument by local legislation. In Japan, firms are showing a growing interest in security token initial offerings (STOs). SMBT is a member of the Japan Security Token...

Japan CBDC

Japan Will Start to Test Its CBDC Functions in April

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Today, March 26 the Bank of Japan published an announcement on behalf of the executive director UCHIDA Shinichi concerning the country's CBDC. The Bank informed it will begin to test the implementation and main functions of its digital currency from April 2021. There was established Liaison and...

Japan

Japanese business supports CB ambition to launch digital yen

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Large financial institutions in Japan support the country's central bank's aspiration to issue a national digital currency (CBDC). For example, the CEO of Monex Inc., Oki Matsumoto, told reporters that the arrival of the digital yen would strengthen the country's position in the global market....

Japan

The CB of Japan can issue its token only in a few years

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Japan's central bank will not be able to quickly issue its digital currency (CBDC). It will take him several years to realize his plans, says Hiromi Yamaoka, who previously headed the Department of Payment and Settlement Systems of the Central Bank. In an interview with Reuters, he said that there...

Japan Blockchain-Powered Coupons

Blockchain-Powered Coupons in the Tourism Industry

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Japan city Aizuwakamatsu is going to introduce a native, blockchain-based alternative for those who are practising an innovative virtual currency circulation protocol built by national crypto exchange Decurret. Customers can use the currency for dinner and at the same time earn interest. Decurret...

Japan CBDC

Bank of Japan creates a working group to study CBDCs

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The Japanese central bank has announced the creation of a new working group to study CBDC, Reuters reports. A closer study of this issue by the Japanese regulator was prompted by an increase in demand for cashless payments and growing attention to CBDC from other central banks. The group will...

Japan CBDC

Japan will include CBDC in the country's economic plan

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Japanese authorities will include the problem of working with the Central Bank's digital currency (CBDC) in the official economic plan. According to the Cointelegraph, citing local media, the CBDC will enter the Honebuto economic recovery plan, which is part of Japan’s national strategy. The...

Xrp ethereum Japan

Study: Japanese investors prefer XRP over Ethereum

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XRP became the second most popular crypto coin among Japanese investors, almost catching up with BTC. This is evidenced by a study of the local BitMax exchange. The trading platform polled 1,498 customers. The favorite cryptocurrency of 26% of respondents is Bitcoin, while Ripple was preferred by...

Japan ebook blockchain

Japanese media holding will use blockchain to sell ebooks

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Japanese media holding Media Do Holdings will direct $2.8 million to create a distributed registry. This need is due to the growing demand for e-books during the coronavirus pandemic. The plans of the company are reported by Nikkei. The holding will begin developing its own distributed registry at...

BitMex Japan

BitMEX will limit access to its platform for Japanese users

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Seychelles crypto derivatives exchange BitMEX will soon prohibit all users from Japan to use their platform. On Tuesday, April 28, the exchange announced that since April 30 it plans to restrict access to its platform for residents of Japan and prohibit existing users from placing orders from May...

Huobi

Japan regulator approved Huobi token and 25 other assets

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The Japan Financial Services Agency (FSA) lately adopted Huobi Token (HT), and the eponymous exchange became the first global platform whose native token received permission from a specific jurisdiction. FSA has established HT as a crypto asset that complies with the country's regulatory rules, and...

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