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Tag Archives: japan

Sumitomo Mitsui Trust to Establlish a Crypto Firm Targeting Instiutional Clients

Sumitomo Mitsui Trust – one of the largest asset managers in Asia – will tap Tokyo-based crypto exchange Bitbank to set up a company offering digital asset services to institutional clients this year. The newly created firm will hold cryptocurrencies and Non-Fungible Tokens (NFTs) for “large investors and corporations.” Sumitomo Mitsui Trust Focused on Security Issues Sumitomo Mitsui Trust’s latest crypto partner Bitbank reportedly ranked as the third-largest crypto exchange...

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Japan’s Central Bank Will Test Digital Yen Cautiously

Over the past years, developed and developing countries have shown a growing interest in central bank digital currency (CBDC). The Bank of Japan has recently announced a cautious approach to the digital Yen, stating that its developmental trajectory will follow similar steps as Sweden did. The final decision on whether to issue CBDC is likely to be made by 2026, BOJ revealed. No Large-scale Pilot Tests Like China BOJ considers the framework of its CBDC closely tied to the...

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Japanese Messaging App Giant Line Launches NFT Marketplace

Japan’s most popular social media application – Line – released a non-fungible token marketplace called Line NFT. Even though the company provides its services in numerous countries in Asia, the opportunity will first be available only to Japanese users. Japan’s Top Social Media Goes Into NFTs LVC Corporation (LVC) – the operator of Line’s blockchain divisions – launched Line NFT marketplace, allowing 90 million Japanese users to buy and sell approximately 40,000 non-fungible...

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Kakao Piccoma Acquires the Japanese Crypto Platform Sakura Exchange Bitcoin (Report)

Kakao Piccoma – a Japanese subsidiary of South Korea’s mobile app operator Kakao Corporation – reportedly acquired a controlling stake in the crypto platform Sakura Exchange Bitcoin. Through this move, Kakao intends to utilize blockchain technology and Web3 in its future operations. According to a recent report by Business Korea, Kakao Piccoma purchased more than 50% stake in Sakura Exchange Bitcoin, becoming its largest shareholder. Nevertheless, the exact size of the deal...

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Grüne Liste: Japan will ein offizielles Coin Rating

Mit einer „Grünen Liste“ will der JVCEA erreichen, dass japanische Kryptobörsen einfacher digitale Währungen und Assets wie Bitcoin notieren können. Der japanische Krypto-Börsenverband (JCVEA) arbeitet Berichten zufolge an einer „grünen Liste“, die es japanischen Kryptowährungsbörsen in Zukunft erleichtern soll, neue Coins zu akzeptieren. Bislang mussten die Börsen für jede neue Notierung einen separaten Antrag bei der JCVEA einreichen und prüfen...

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Auktionsmarkt als Baumeister und Puffer für den NFT-Markt

Traditionelle Auktionshäuser spielen eine Vorreiterrolle im NFT-Handel, könnten aber für mehr Stabilität auf diesem wachsenden Markt sorgen. Indem sie Schätzungen zur Bewertung abgeben, fassen sie den aktuellen Stand von Angebot und Nachfrage zusammen; indem sie ein NFT verkaufen, liefern sie einen Referenzpreis, der unabhängig von den Preisen ist, die auf Peer-to-Peer (P2P)-Plattformen (Opensea, Nifty Gateway, SuperRare usw.) erzielt werden. Mit anderen Worten: Die Auktionshäuser können mit...

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Coinbase to Monitor Crypto Transfers for Users in Singapore, Japan, Canada

Certain users will have to provide additional information when sending cryptocurrencies, said exchange giant Coinbase. In a bid to comply with local regulations, customers in Canada, Japan, and Singapore sending digital assets to another financial institution or exchange will be required to disclose specific information such as the name, address. The official blog post stated, “If you’re located in Canada, Singapore, or Japan and are sending digital assets outside of...

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Japanese Crypto Exchange Coincheck to List on Nasdaq Via $1.25B SPAC Merger

Japanese cryptocurrency exchange, Coincheck has announced plans to go public in the United States by entering into a definitive merger agreement with blank-check firm Thunder Bridge Capital Partners IV Inc. The Merger According to the official press release, the merger deal is worth $1.25 billion. Upon closing, the combined company will receive proceeds of $237 million from the cash held in the special-purpose acquisition company’s (SPAC) trust, assuming there are no...

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Japan Insists Crypto Exchanges to Comply With Sanctions Against Russia (Report)

The Japanese authorities reportedly urged local cryptocurrency platforms to stop facilitating digital asset transactions subject to sanctions against Russia and Belarus. The Asian nation is among the superpowers that imposed financial penalties on the largest country by landmass. Previously, Japan froze the assets of nearly 50 Russian and Belarusian oligarchs alleged to be part of Putin’s inner circle. Japan’s Way to Oppose the War Russia’s “special military operation” in...

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Japanese Regulators Holds Discussion to Fix Crypto Loopholes in Russia Sanctions

Sanctions from the West have been hitting Russia’s economy hard. But Japan’s financial regulator and the country’s industry body for cryptocurrencies is now looking to ensure that these sanctions are carried out effectively. It aims to do so by plugging loopholes and restricting the transfer of digital assets of individuals and entities on the nation’s sanctions list. Crackdown on Russian Cryptocurrency Transactions From shutting out of the international payment gateway SWIFT...

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