Japan News and Articles

Japan intends to make rules for the crypto industry easier by providing a more simple way for virtual coins to get listed on exchanges. According to a release by Bloomberg, corresponding documents reveal that the authority governing crypto exchanges in Japan plans to allow the platforms to list...

The Japanese Government revealed it is going to review and make changes in the crypto tax law that are effective for companies in the fiscal year of 2023. The country's Financial Services Agency and the Ministry of Economy, Trade and Industry (METI) will be exploring how digital asset organizations...

The USA urged Japan to put pressure on the country's cryptocurrency exchanges and miners to cut links with Russian crypto operators as a part of Moscow's financial isolation. US diplomats made the request related to the officially licensed crypto exchanges that are operating in Russia. A report by...

The Japanese Parliament has passed a bill to regulate stablecoins. The country's authorities want to recognize fiat-backed digital currencies as electronic money. Each token must be backed by the yen or other national currency. Thus, the holder of a stablecoin will be able to convert this...

Japanese financial giant Sumitomo Mitsui Trust plans to create a subsidiary that will provide custody services for digital currencies. According to Nikkei Asia, the Japan Digital Asset Trust division will serve institutional investors who fear for the safety of their digital assets. Thus, another...

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...

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...

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...

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...

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 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...

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...

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...

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...

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'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 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...

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...