**** 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 […]

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