Tag Archives: japan

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...

Liquid ist eine ziemlich interessante und in Asien bekannte Bitcoin-Börse, welche man hierzulande noch viel zuwenig kennt. Liquid kommt aus dem Land, welches reich an Erfahrung ist, was Innovation, Technologie und Bitcoin-Handel betrifft: Liquid stammt aus Japan. Eines ist klar, dieser Exchange richtet sich nicht an Anfänger und bietet daher keine lustigen Werbeaktionen. Liquid ist eine  professionelle Bitcoin-Handelsplattform. Das coolste an Liquid: Die ganze Oberfläche reagiert super...

The Japanese government intends to put stablecoins under strict regulation as some authorities consider them a threat to the country’s financial stability. At the same time, the Bank of Japan aims to issue a digital yen that it sees as a safer alternative to private virtual currencies. Japan’s Next Crypto Move According to Reuters, three Japanese officials revealed that the country is looking to increase its efforts to regulate digital assets. Per the report, some local...

The Bank of Japan has officially kicked off experiments on a proof of concept for its central bank digital currency. The first testing phase is already live and should be completed by March 2022. BOJ Takes a Swing at CBDC Development Japan’s Central Bank has put its mind into issuing its own digital currency. The trial will consist of two phases, according to a recent Reuters coverage. The initial steps should continue until March 2022. They will concentrate on testing the...

More developments on the Ripple vs. the SEC legal front as the Commission has requested personal financial information of the company’s CEO, Brad Garlinghouse, and co-founder Christian Larsen.Simultaneously, the Japanese financial giant SBI Group has doubled-down on its support for Ripple by offering to pay its shareholders dividends in XRP.The SEC Seeks Personal Info on Ripple ExecsThe impending case between the US Securities and Exchange Commission and the blockchain payment processor...

Japanese financial conglomerate SBI Holdings revealed that it was planning to establish a joint cryptocurrency venture that would serve as one of the company’s key earners.SBI Expanding Crypto ServicesAccording to Reuters on Monday (Feb. 15, 2021), SBI’s founder and CEO, Yoshitaka Kitao, the company was discussing with international financial firms to set up the new crypto business. The latest development was part of SBI’s plans to expand its crypto business.The company has been active in the...

Months after Russian survey participants placed bitcoin above gold in terms of attractive investment assets, so have done investors from the United States. BitFlyer’s recent research on the people’s perception of the crypto industry also showed that Japan-based investors have a significantly more negative opinion when compared to US citizens.Americans Prefer BTC Instead Of Gold and ETFsFounded in 2014, bitFlyer is among the largest Japan-based cryptocurrency exchanges. The privately-owned...

Japanese giant SBI Group will include a new addition to its crypto lending service via its subsidiary VC Trade. Apart from the other options, Bitcoin (BTC) and Ethereum (ETH), the organization’s customers will be able to deposit XRP to earn interest as well.Adding XRP to the List of Bitcoin and Ethereum Lending Japanese giant SBI Group has announced it will include XRP in its list of lending services. The company, which started the lending endeavor in November 2020, will provide clients with...

Less than two years after entering the Japanese market, Enjin Coin has received approval from the country’s JVCEA to be listed on the cryptocurrency exchange Coincheck. Thus, the asset has become the first gaming token authorized for usage in the Asian nation.JVCEA Approves Enjin Coin’s Listing On CoincheckLaunched following several high-profile exchange hacks in 2018, Japan’s Virtual Currency Exchange Association (JVCEA) received approval from the country’s financial regulator, the FSA, to...