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 […]

Where Will Bitcoin Flourish?

How To Choose An ICO To Invest In New ICOs (OTC) Asia & United States are the true leaders for Crypto. Japan has been involved in a number of cryptocurrency blunders. Internationally there’s a race on to become the capital of the cryptocurrency world. Many cities and many countries all want to become a hotspot for […]

Buffett: ‘I Don’t Own Any Cryptocurrency, I Never Will’

Investment guru Warren Buffett vows to stay far away from cryptocurrencies. “Cryptocurrencies basically have no value and they don’t produce anything,” the Berkshire Hathaway CEO and chairman told CNBC. “In terms of value: zero,” the Oracle of Omaha said. “I don’t own any cryptocurrency and I never will,” he added. Buffett has been a long-time […]

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 […]

Japan Is One Of The Top Crypto Destination To Watch In 2020

Japan is one of the world leaders in blockchain development and blockchain communities as aspiring projects crop up every day in the supposed “Satoshi’s country of origin”. Japan became one of the first countries (if not the first) to regulate cryptocurrency activities including exchanges, institutions and funds giving businesses a definite framework to work with. […]

Six central banks planning to issue digital currencies

The heads of six central banks and the Bank for International Settlements in mid-April will hold their first meeting on developing their own digital currencies, which can serve as alternatives to Facebook’s Libra or the digital yuan. Central banks in Japan, Europe, and Canada are taking a joint look into issuing digital currencies in their […]

Facebook’s Libra is a no-go in the majority of countries

People distrust big tech companies, the recent survey showed. Emerging markets are more loyal both to state-backed and private digital money. People are unlikely to use digital money issued by big tech companies as they do not trust them, the latest research performed by Official Monetary and Financial Institutions Forum revealed.  According to the poll, […]

Hong Kong approves license for city-state’s first crypto-lending platform

Crypto-lending platform PawnHub has become the first company to receive a license from the Government of Hong Kong, a license that will allow the firm to expand its crypto-lending services in the country. Following the receipt of the license, the firm now plans to partner with a leading US-based cryptocurrency custodian in a bid to […]

Countries Where Ethereum is Banned or Legal

If you are looking to buy, sell, or spend Ethereum (ETH), you should first check if Ethereum is legal in your country. Different countries hold different stances on cryptocurrency and their regulations. While some countries’ laws single out Bitcoin, it is still rare to find a jurisdiction which created a different set of rules concerning […]

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 […]

List of Top Cryptocurrency and ICO supportive Countries in the World

Cryptocurrencies have delighted in some achievement; Bitcoin is presently the biggest cryptographic money, with the aggregate number of Bitcoins right now esteemed at around USD$70 billion. Research delivered by Cambridge University finished up this year that there are between 2.9 million and 5.8 million unique users actively using a cryptocurrency wallet. The year 2017 has […]

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 […]

The Future of Cryptocurrency Adoption in Germany

Germany is one of the world’s leading economic powers. However, it isn’t quite one of the world’s leading cryptocurrency nations, with countries such as Switzerland, Malta, Japan, Singapore, Luxembourg and Liechtenstein having already introduced more progressive legislation related to crypto and blockchain technology. Still, Germany has witnessed relatively encouraging cryptocurrency adoption until now, while the […]

Brad Garlinghouse hints that Ripple may soon go public

Ripple CEO Brad Garlinghouse has told World Economic Forum (WEF) delegates in Davos, Switzerland that an initial public offering (IPO) may be on the cards for Ripple soon. IPOs are events where stocks in a company are generated and sold publicly for the very first time. Recent high-profile IPOs have included Beyond Meat, Uber, and […]

The Ongoing Evolution of Cryptocurrency Regulation and Litigation

Regulatory agencies’ approaches to cryptocurrencies will have a key impact on how these cutting-edge technologies will evolve, and the litigation that they will inevitably generate. In recent months, regulatory bodies have begun to stake out positions on their jurisdiction over cryptocurrencies. Many of the questions turn on how to define and classify cryptocurrencies and cryptocurrency-related […]

60 Japanese Banks Launch Digital Currency Without a Blockchain

Sixty leading banks in Japan, under the leadership of Mizuho Bank, have launched a new digital currency called J Coin. The digital cash system will be integrated with J Coin Pay to work across the country. Contrary to initial reports, J Coin will not bear resemblance to a traditional cryptocurrency — in spite of its […]

Crypto-regulations by the crypto-favoring countries

Belarus The country allows its citizens to purchase, sell, mine the altcoins, trade crypto-assets for Belarusian rubles, forex, and electronic currency, as well as to create their own cryptos. Not only this, the country has removed any tax on holding the crypto till Jan.1, 2023. Now, that’s a very crypto-friendly take indeed! Japan Japan’s regulatory […]

Financial Services Agency to limit leverage in cryptocurrency margin trading to twice the deposits made by traders

The Financial Services Agency plans to introduce a rule limiting the leverage in cryptocurrency margin trading to twice the deposits of traders, it was learned Friday. The regulation, which is stricter than the industry’s self-imposed cap of four times, will be established to reduce the risks of losses ballooning due to volatile price fluctuations. The […]

Binance Sets Sights on Compliance as It Plans Trading Service in Japan

Binance is a powerhouse where cryptocurrency trading is concerned. With offices in Europe, Asia, Africa, and in the U.S. However, the company is still working on expanding to several countries.  Earlier today, the company published a press release announcing that it has started negotiations with Japanese crypto exchange TaoTao and business investment company Z Corporation. […]

Japan Banking Giant Mitsubishi Goes Crypto With Own Coin

Mitsubishi UFJ Financial Group, Inc, one of the top five banks in the world, announced its intention of testing a proprietary cryptocurrency by 2019. The idea is to roll out its coin initially to a relative handful of customers, hoping they’ll participate in finding inevitable bugs as they make typical retail purchases. For Japan, it’s […]

What Makes Blockchain or Cryptocurrency “Mainstream”?

‘Mainstream’ is a term used throughout blockchain, cryptocurrency, and indeed for many technologies, but everyone has a hard time pinning down what it means. So at what point could blockchain technology and cryptocurrencies be classified as “mainstream,” or more the “norm,” rather than new or emerging? Blockchain technology seems to be permeating every industry and […]

This Year Proved Asia Is Ahead in Crypto-Blockchain Adoption

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Michael Ou is CEO of CoolBitX, a blockchain security company and creator of the first hardware wallet that enables bluetooth-to-smartphone pairings. In 2019, it became clear that Asia was […]

Japan May Just Be the Most Bitcoin-friendly Country in Asia

The two biggest digital currency heists on the planet with losses totalling right around a billion dollars at trades in Tokyo, and a social inclination towards conservatism, appear to have scarcely hosed Japan’s excitement for bitcoin and different cryptographic forms of money.  Japan adores cash. With paper and coin installments as yet representing near portion […]

Japan Card Issuer JCB to Include Blockchain Tech for B2B Payments

Financial giant and card provided JCB and Paystand, a payment network that leverages blockchain technology, have entered into an agreement to create the first end-to-end blockchain-powered B2B digital payment platform for Japanese enterprises and JCB’s customers in Japan and Asia, according to a press release from the companies. The annual value of the transactions in […]

The G20 Member States to Work on International Cryptocurrency Taxation System

The recent dip in cryptocurrency market might be a tangible sign that things may have turned sour and that the hype might eventually come to an end, but it is actually the regulatory aspects that need to be focused on. For this reason, the G20 member states have passed a declaration to create an international […]

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