Tag Archives: japan

MUFG has been touting a cryptocurrency for over a year now.The digital currency will be used in a mobile payment service.The service could be rolled out by the end of 2020’s first half.A much-publicized plan by Japan’s biggest bank Mitsubishi UFJ Financial Group (MUFG) to launch a cryptocurrency has been scaled back. The financial giant will instead use the digital currency in a mobile payments business, according to Nikkei Asia Review. The mobile payment service employing the MUFG Coin as...

Softbank, one of the popular banks in Japan, has announced the introduction of a new type of debit card for its clients. Reportedly, the bank will start providing debit cards equipped with Internet of Things (IoT) chips, and it would be usable as a cryptocurrency wallet as well.Softbank Launches Cryptocurrency Debit CardThe popular Japanese bank, Softbank, announced today a new debit card that seeks to implement cryptocurrencies into traditional market products. As with any regular debit...

Cardano (ADA) wird ab sofort als Zahlungsmittel bei tausenden Coworking-Spaces weltweit akzeptiert. Der Coworking-Trend hat die Kryptowährungen für sich entdeckt: „ToStart“ unterstützt ab sofort Zahlungen in der Cardanos Währung ADA. „ToStart“ ist hierbei der erste etablierte Coworking Space in Sasebo; in Japan. Dort kommen Webdesigner, Content Creator, Unternehmer und Programmierer zusammen, die eine Arbeitsumgebung schaffen wollen, die...

In a clear example of tech evolving faster than the law can adapt, a Japanese minster has confirmed that crypto donations are now legal due to a classification loophole. According to Reuters, on Tuesday, Sanae Takaichi, the internal affairs and communications minister of Japan, noted the newfound ‘legality’ of crypto donations. She specifically highlighted their use within elections, remarking that cryptocurrencies were not subject to the stringent political fund’s control law; a statute...

Facebook’s plans to launch a cryptocurrency are an indication that blockchain technology has come of age and is ready for prime time, especially in Japan. According to the chairperson of the Japan Security Token Association, Go Masuda, Libra is blockchain’s second “killer app,” after Bitcoin: “The industry lacked a good use case of blockchain technology. There have been no killer apps since bitcoin … the industry is now entering a new phase of commercial adoption.” With Japan being one of...

Interest in cryptocurrencies like bitcoin tumbled 13.9% in Japan in the latest quarter, according to Japan's financial regulator, the FSA. | Source: ShutterstockInterest in cryptocurrencies like bitcoin tumbled 13.9% in Japan, according to the country's financial regulator.In data posted Sept. 3, the Financial Services Agency (FSA) says the volume of crypto-related inquiries fell in the latest quarter. The office handled 494 inquiries about crypto assets in the second quarter ended June...