The cryptocurrency market has also been the target of numerous controversies, either in the form of hacks or with comments made by the industry’s famous supporters. Authorities were able to track down the perpetrators of the biggest cryptocurrency heist in history in the new twist. On March 11, police officials of Tokyo revealed that they […]
Japan
Coinbase Progresses in the Japanese Market, Joins the JVCEA
On 2nd March, JVCEA – the Japan Virtual Currency Exchange Association, the Japanese virtual currency self-regulatory board released admission information of three new companies who joined in as class 2 members of the association. As per the records, Tokyo Hash Co., Ltd., Digital Asset Markets Inc., and Coinbase Inc. are the new additions in the […]
Bank of Japan Deputy Governor Wants Careful Analysis Before Issuing Its Own CBDC
Several regions across the globe have begun considering cryptocurrencies as a potential asset. This pace of adoption was spurred by comments from officials in countries like China and the United States. Japan is the latest country to enter the cryptocurrency ring with rumors that the creation of the CBDC was underway. This was discussed again […]
Japan Get Serious About Crypto As Digital Yen Gets Added On Policy Cards
Countries across the world have now started actively pursuing blockchain technology and the cryptocurrency world. Some major powerhouses have looked at expanding their decentralized economy just so that they can compete with their rivals. Japan has been an active participant in this race to global dominance and its government officials have taken it upon themselves […]
Bank Of Japan Begins Consideration Of Digital Currencies; Claims They Have ‘To Be Ready When time comes’
Mass adoption of cryptocurrencies seems to be the way to go for a lot of economies nowadays. This list also includes countries that have been traditionally against digital assets or on the fence about it. During a recent seminar in Tokyo, the deputy governor of the Bank of Japan stated that looking at the current […]
Why is Japan Exploring the Development of a Central Bank Digital Currency?
A report by Reuters Japan suggests that the Asian country is on the verge of joining the growing list of countries across the globe that are planning to issue a state-backed digital currency. Japanese Vice Minister for foreign affairs, Norihiro Nakayama told Reuters that the legislators are exploring on issuing the Central Bank Digital Currency […]
Ripple partner SBI Holdings Encourages Fourth Megabank Concept with Fintechs in Japan
Yesterday, Yoshitaka Kitao, SBI Holdings (HD) president and who recently joined Ripple as one of its Board of Directors spoke about his plan to create “fourth megabank concept” at FINSUM 2019. Ripple Partner Creating Fourth Megabank Concept Organized by NIKKEI INC, and Japan’s Financial Services Agency (FSA), FINSUM 2019 is a 3-day mega fintech blockchain […]
Japan Proposes “Crypto SWIFT-Network,” Will It be a Threat to SWIFT?
Believe it or not, regulators have been too concerned about the inclusion of cryptocurrency into the financial world. Japan is reportedly hitting a new deal by planning to develop SWIFT like network for crypto payment. SWIFT Network for Cryptocurrency Market According to the report, gathered from Reuters – Japan’s Govt is heading to combat the […]
Japan’s JR East considers accepting crypto payments for transport cards
It’s no secret that the crypto scene in Japan is developing at an exponential rate, thanks to the friendly crypto regulations being established in the country as well as banks on the way to launching their very own stable coins plus many others. The latest news from the crypto-friendly country is from the most significant […]
Biggest Japan railway firm plans crypto payment system for its 70M card holders
Ever since the inception of cryptocurrency in 2009 by Satoshi Nakamoto, who developed the first ever digital currency, bitcoin, and devised the very first blockchain database, the whole world has taken a new turn in terms of businesses affairs. Although the phenomenon of digital assets is still not understood by a large range of people, […]