JAPAN

XRP WIll Power Remittances Between Large Japanese Enterprises

Ripple has been making headway in the financial sector across the globe. Especially Asia, and more particularly Japan, is a region of great interest. That situation will only intensify following a new XRP-based remittance solution launching in the country. FXCoin Sees Merit in Ripple and XRP Rumor has it that FXcoin is looking to become […]

Japan’s Top Credit Card Issuer Building Blockchain Payment System

Japan-based JCB is partnering with local venture capital firm TECHFUND to create a sustainable blockchain-based transaction system. he biggest credit card issuer in Japan, JCB, has partnered with technology accelerator TECHFUND to build a sustainable transaction system on the blockchain. According to a May 15 statement released by JCB, the partnership will utilize TECHFUND’s expertise […]

Cryptocurrency News From Japan: April 26 – May 2 in Review

How To Choose An ICO To Invest In New ICOs (OTC) Several exchanges gained regulatory paperwork, VC Trade exchange announced a 1,700% spike in pre-tax fiscal year profit, and more headlined news from Japan this past week. This week’s headlines from Japan included Rakuten Wallet, GMO Coin and DMM crypto exchanges achieving regulatory registration, SBI Holdings’ […]

XRP Gains Ground in Japan

How To Choose An ICO To Invest In New ICOs (OTC) Ripple and its token XRP are gaining ground in Japan with the announcement that FXcoin is launching a remittance service using the digital token. The announcement was preceded by several achievements made by Ripple in partnership with SBI Holdings, one of Ripple’s principal shareholder. This […]

Huobi Becomes First Exchange Approved By Financial Services Agency (FSA) To Launch its Native Token in Japan

How To Choose An ICO To Invest In New ICOs (OTC) Huobi Cryptocurrency exchange has become the first international exchange to launch its native token Huobi Token (HT) in Japan after getting a regulatory nod in the country. Financial Services Agency (FSA) approval for Huobi’s native token comes amid heightened security for crypto assets in the […]

Japan STO Association Releases New Regulatory Guidelines

How To Choose An ICO To Invest In New ICOs (OTC) The Japan Security Token Offering Association announced on April 20 it had issued new guidelines to protect clients’ assets and privacy. The Japan Security Token Offering Association (JSTOA) has just released self-regulatory guidelines on how to separate customer assets and electronic record transfer rights. Available […]

Investigating Digital Assets in Japan Stymied by Nature of Crypto

How To Choose An ICO To Invest In New ICOs (OTC) According to top government officials in Japan, the current national tax system is not yet capable of accepting declarations of digital assets, potentially leading to outflows overseas. In a Q&A session at the Financial Statements Committee on April 6, Representative Shun Otokita of the Japan […]

Japan to Enforce New Crypto Laws from Next Month

How To Choose An ICO To Invest In New ICOs (OTC) Japan is set to enforce the updated cryptocurrency laws in the country from May 1, putting more clarity on the regulations around the decade-old sector. The Japanese House of Representatives passed amendments to two pieces of legislation – the Payment Services Act (PSA) and Financial […]

Japanese Investors Rushed To Buy The Dip After Bitcoin Bloodbath

How To Choose An ICO To Invest In New ICOs (OTC) The number of retail investors registering for an account with Japanese cryptocurrency exchange bitbank spiked by 40% in the week after the Bitcoin bloodbath.  The March 12 meltdown saw the price of Bitcoin (BTC) drop to a new 2020 low at $3,775. An official blog […]

Almost 108 Mln XRP Sent By Major Exchanges, Including Japanese Bitbank

How To Choose An ICO To Invest In New ICOs (OTC) The Twitter bot, XRPL Monitor, designed for tracking large XRP transactions, spotted a movement of nearly 108 mln in the coin in past several hours. That’s $16,351,076.Data from the Bithomp website says that the crypto transactions were made mainly between major crypto exchanges. Nearly 108 mln in XRP […]

Cryptocurrency News From Japan: March 15-21 in Review

How To Choose An ICO To Invest In New ICOs (OTC) This week’s headlines from Japan included exchange self-regulatory organization, JVCEA, suggesting guideline changes, financial institutions collaborating with a blockchain startup for asset management, GMO Coin exchange listing BAT, and news that Toyota has built a blockchain-based identity platform. Check out some of this week’s crypto […]

Japanese Asset Manager SBI Adds to Stake of Crypto Security Firm

Japanese financial conglomerate SBI Holdings Inc. has led a group of investors participating in a Series B $16.75 million funding round for CoolBitX, a Taiwanese blockchain security company offering services to help crypto exchanges comply with more stringent international standards for collection of user information. With the latest funding round, CoolBitX is now valued at […]

Japan’s financial, monetary authorities taking hard look at minting digital currencies

The Finance Ministry, Financial Services Agency and Bank of Japan have met to promote research on digital currencies for possible issue by central banks, it has been learned. Issues related to such potential currencies are expected to be on the agenda for a meeting in Saudi Arabia of finance ministers and central bank chiefs from […]

Japanese Official Calls for Development of Digital Yen in ‘Two-To-Three Years

Kozo Yamamoto, a senior lawmaker from Japan’s ruling Liberal Democratic Party, has called for the development of a digital yen within “two-to-three years” to counter the digital currency initiatives of China and Facebook. According to Reuters, Yamamoto commented a draft proposal for the development of the government’s digital currency will be included in the government’s […]

Japan Could Have More Than 3 Million Crypto Traders

Japan’s Financial Services Agency (FSA) has released domestic cryptocurrency trading statistics for the first time. According to data gathered from 17 cryptocurrency exchanges in Japan, as of Mar. 31 this year, the country has at least 3.5 million individuals that are trading with cryptocurrencies as actual assets. Among them, crypto investors in their 20s, 30s […]

Japanese Regulators Approve Lastroots Crypto Exchange

After Japanese lawmakers legalized cryptocurrency as a means of payment in 2017, Japan’s Financial Services Agency (FSA) has approved a total of 21 crypto exchanges, with Lastroots the latest exchange to be granted approval. Registering Lastroots in the Japanese Market According to Bitcoin.com, Lastroots was recently approved by the FSA to operate in Japan, though […]

Binance Exchange to Restrict Access to Japan Residents

In a Jan. 15 announcement on Binance’s Japanese support website, the exchange revealed it would restrict access to residents of Japan at an unspecified later date. The restriction is said to be implemented gradually, with details to be revealed later, according to the announcement. Currently, there are no restrictions in place and Japanese users are […]

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