**** Japanese crypto market

Japanese firms to promote common infrastructure for cashless payments

More than 30 major companies in Japan will launch verification tests on a possible private digital currency from fiscal 2021 starting next April, a group aimed at promoting common infrastructure for interoperable cashless payment services said. 七転び八起き If at first you don’t succeed try, try again <Japanese proverb> The lack of interoperability between different cashless […]

Ethereum Funding Rates Flip Neutral as Rally Kicks Off; Next Stop $710?

Ethereum has been flashing some immense signs of strength throughout the past few days, with it starting to gain ground against Bitcoin Much of this strength came about following the cryptocurrency’s push past $500 earlier this week In the time since, it has been growing strong and is now positioned to make a move higher […]

Largest Crypto Fund Manager Says Clients See Bitcoin as Inflation Hedge

Bitcoin’s ongoing price rally is nearing its all-time high, making it the center of attention just like 2017 where most of the mainstream media houses have started to take note of the king coin’s price movement. While the price movement and attention might be quite similar to 2017, a lot has changed about the top […]

Crypto Exchange Coinbase Is on a Hiring Spree in Japan

Cryptocurrency exchange Coinbase is hiring in Japan, years after first saying it planned to launch services in the country. According to a tweet by the exchange’s CEO, Brian Armstrong, Coinbase has “a number of open roles in Japan,” and is asking others to put forward candidates. Per the company’s website, various roles are up for […]

Ripple opens regional office in Dubai following volatile Q3 for XRP

The financial center in one of Dubai’s free-trade zones acts as an independent regulator with its own judicial system According to a Nov. 7 announcement, Ripple has established a regional office in the Dubai International Financial Centre, or DIFC.  The blockchain-based payments firm reportedly chose the location for its “innovative regulations.” The DIFC website states […]

Japanese Obsession With XRP Explains Ripple’s Relocation Interest

The CEO of Ripple Brad Garlinghouse said US regulators are playing a guessing game on cryptocurrencies. In an interview, Ripple’s CEO Brad Garlinghouse is adamant about his dislike for crypto regulations in the US and has even shortlisted several jurisdictions for relocation. CEO Rails American Regulators Garlinghouse indicated that the company could soon relocate to […]

Japanese Policymaker Downplays Fears of Digital Yuan Dominance

Japan’s top policymakers appear to be disillusioned with the prospect of China running away as the world’s sole power when it comes to CBDC development. This week, a government official praised the response of many countries to the issue of Central Bank Digital Currencies (CBDCs), explaining that it would make it more difficult for a single […]

Canada, UK, Japan and US release joint CBDC report

A group of central banks from some of the biggest global economies have released a joint report assessing the feasibility of central bank digital currencies. The seven partnered with the Bank for International Settlements (BIS) on the report which seeks to offer insight into what is needed for a central bank to roll out a […]

Japan has no plan to issue digital currencies now but will deepen research

Japan has no plans now to issue central bank digital currencies but must deepen research on the possibility, the government’s top spokesman said on Friday. Major central banks across the world are studying the idea of issuing digital currencies amid the popularity of Bitcoin and other crypto-currencies. “At present, we don’t have any specific plans […]

Most New Customers at Japanese Exchange BitFlyer Are in Their 20s

More than 30% of new customers at bitFlyer, a major Japanese crypto exchange, are in their 20s, the exchange said. BitFlyer conducted a survey of Japanese customers who opened accounts this year between January and July, with 539 responding, CoinDesk Japan reported Tuesday. The number of new customers in their 20s doubled from a 2018 […]

Fearing Chinese advantage, Japan lurches towards digital currency and electronic payments

As we’ve discussed before, Japan is largely a cash based society. Despite, at times, a healthy interest in digital cryptocurrencies like bitcoin, consumers rely heavily on physical currency while eschewing electronic payment methods. This is somewhat counter-intuitive, as the country has one of the most advanced regulatory environments in the world with regard to digital assets. Брюхо сыто, да […]

Bitcoin, the original and leading cryptocurrency in market cap.

Bitcoin, the original and leading cryptocurrency in market cap, is now the 6th largest currency overall at its current price level of $11,300. Bitcoin, the original and leading cryptocurrency in the blockchain space, is now the 6th largest currency in the entire world when you measure them by overall market capitalization. At the price of […]

During pandemic, Japanese investors shy away from Bitcoin, cryptocurrencies and save cash

Japan appears poised for hard times. Exports have plummeted and job losses and pay cuts are a haunting specter. Domestic demand, slammed late last year by a tax hike, remains timid as a government discount campaign intended to spur spending has been met with limited consumer interest. To cover a shortfall in tax revenues, the debt-laden government recently issued more bonds. Fortunately, […]

Crypto Exchange Coincheck to Launch Japan’s First IEO

Coincheck, one of the largest crypto exchanges in Japan, announced Tuesday that it would support a domestic company to launch the country’s first Initial Exchange Offering (IEO) and raise funds via a token sale. Hash Palette, a platform that distributes content such as Japanese graphic novels (manga), anime and music, aims to raise about 1 […]

What Does the Future Hold for Cryptocurrencies in the Middle East?

You might not know everything about cryptocurrencies or what the blockchain technology means, but you sure have heard of it so many times that it’s now the perfect chance for you to understand what it is and whether or not it has made it to our region. Visualizing The Expanding Universe Of #Cryptocurrencies. #Infographic https://t.co/2ZuZSHD7le […]

Deregulating Crypto Could Spark More Speculation Says Japan’s FSA

“Deregulating Bitcoins and other cryptocurrencies may not necessarily promote technical innovation,” says Japan’s new top financial regulator. Ryozo Himino, the new commissioner of Japan’s Financial Services Agency, says the agency is wary of deregulating private cryptocurrencies. Noting that the COVID-19 pandemic could accelerate the transition to a cashless society, Himono instead emphasized the potential role […]

Bank of Japan Forms New Team to Explore Central Bank Digital Currency

The Bank of Japan (BOJ) has set up a dedicated team to explore the implications of central bank digital currencies. As reported by Reuters on Monday, the central bank is warming up to the possibility of a digital yen, given the recent rise in interest among other central banks. While details are limited, the new […]

Japan company issues digital graduation certificates using blockchain technology

LasTrust Inc. is issuing digital graduation certificates using CloudCerts, a platform designed to issue certificates using blockchain technology Japanese company LasTrust Inc. has introduced a service that provides digital graduation certificates on the blockchain. The service digitizes traditional graduation certificates using CloudCerts, a platform designed to issue certificates on the blockchain. The service is intended […]

Monex, Inc Launches Crypto CFD Services in Japan

The new service comes after changes to the Financial Instruments and Exchange Act in Japan. Monex, Inc. announced this Wednesday that it will begin offering crypto asset contract for difference (CFD) services, thanks to recent changes in the Financial Instruments and Exchange Act in Japan. Monex, Inc., a brokerage based in Japan and part of […]

Japan’s CBDC ‘experiment’ has an eye on China’s progress

The cryptocurrency market has been looking on cautiously as it awaits the launch of a central bank digital currency [CBDC], unsure of what its impact may be on a country. Over the past few months, many countries have taken a step towards understanding, regulating, and launching their own CBDCs, with Japan being one of them. […]

Crypto-Currencies: Will World Go Fully Digital, Wiping Out Gold & Ruining Dollar Dominance?

The COVID pandemic has accelerated the shift to digital settlements and crypto coins triggering a debate about whether traditional means of payment and safe havens will soon become a thing of the past. Independent political risk analyst Eric Kraus has weighed up whether Bitcoin will replace gold and whether crypto yuan can depose the dollar. […]

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 […]

XRP Gains Ground in Japan

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 time around, FXcoin Co. Ltd, a Japan-based cryptocurrency exchange launched […]

Japan STO Association Releases New Regulatory Guidelines

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 on the JSTOA website on April 20, the association attributes […]

Investigating Digital Assets in Japan Stymied by Nature of Crypto

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 Innovation Party pointed out the importance of market research for […]

Japan to Enforce New Crypto Laws from Next Month

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 Instruments and Exchange Act (FIEA) – last year, tightening the […]

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