Tag Archives: japan

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...

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...

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...

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...

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...

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...

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...

DriveWealth – a SoftBank-backed start-up that assists fintech firms in offering stocks – will reportedly provide cryptocurrency trading services to clients. To do so, the company will acquire Crypto-Systems – a separate digital asset organization based in the United States. DriveWealth to Compete with Coinbase CNBC reported that shortly after the acquisition, the start-up will launch two subsidiaries to offer Bitcoin and Ethereum trading opportunities to partners in April or...

The financial services company – Mitsubishi UFJ Trust – hopes to enhance its transaction system by utilizing blockchain technology for trading and a cryptocurrency for payments. As such, it will create a stablecoin tied to the value of the Japanese yen, claimed a new report. Mitsubishi’s Stablecoin According to a recent report by Nikkei Asia, Mitsubishi UFJ Trust – a Tokyo-headquartered bank with over $1.5 trillion in assets under management – is seeking to enter the world of...

Hiromi Yamaoka – the former leader of the Bank of Japan’s financial settlement department – urged the institution to avoid using the digital yen as a part of the country’s monetary policy. He believes the product could severely damage the local economic system. Japan Should Not Aim at Digital Yen Similar to many central banks around the globe, the Bank of Japan has also set its sight towards creating a digital form of its national currency. In April 2021, the organization...