Bitcoin News / Bitcoinist - 2 years ago
According to Bloomberg, Japan’s parliament enacted a legislative framework surrounding stablecoins pegged to the yen or another fiat currency on Friday. This is a historic move.
The bill makes it clear that stablecoins are digital money. They m...
Bitcoin News / Bitcoin.com - 2 years ago
The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd.
Law...
Bitcoin News / Bitcoinist - 2 years ago
The collapse of the Terra (LUNA) ecosystem continues to ripple across the crypto industry. This cryptocurrency and its algorithmic stablecoin UST lost over 99% of its value in less than a week, leaving investors with billions in losses.
Related Readi...
Cryptocoins News / The Cointelegraph - 2 years ago
Japan is moving forward with legislation regarding the issuance of stablecoins, i.e., digital assets with their value pegged to fiat currencies or stabilized by an algorithm. On Friday, Japan’s parliament passed a bill to ban stablecoin issuance by n...
Cryptocoins News / Blockchain - 2 years ago
In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender.
The legal framework, which is expected to be rolled out in...
Cryptocoins News / The Cointelegraph - 2 years ago
Two out of the top 10 largest cryptocurrency exchanges by volume will expand into new markets, with Crypto.com obtaining a provisional crypto license in Dubai and FTX launching in Japan.Crypto.com announced on Thursday that the Dubai Virtual Assets R...
Cryptocoins News / Blockchain - 2 years ago
Japan's Akatsuki announced that it has raised a $20 million fund for investing in web3 projects, according to The Block.
In a press release, the Japanese entertainment and gaming firm said that the fund titled "Emoote" will focus on backing startup...
Cryptocoins News / The Cointelegraph - 2 years ago
In a new development for East Asia, Japanese crypto exchange Bitbank announced a partnership with financial holding company Sumitomo Mitsui Trust Holdings to establish Japan Digital Asset Trust (JADAT). According to an announcement sent to Cointelegr...
Bitcoin News / Bitcoin.com - 2 years ago
Sumitomo Mitsui Trust, one of the major banking institutions in Japan, will reportedly enter the cryptocurrency custody business. The company is entering a partnership with Bitbank, a Tokyo-based cryptocurrency exchange, to launch a new company that...
Cryptocoins News / Blockchain - 2 years ago
Nomura, a global investment bank headquartered in Tokyo, Japan, announced plans to launch a digital assets subsidiary for institutional clients.
With the launch scheduled for later this year, the digital asset unit will provide users access to ser...
Bitcoin News / Bitcoinist - 2 years ago
Leading Japanese Investment bank, Nomura has decided to launch a crypto subsidiary. This new unit by Nomura shall be operated outside of Japan with a team of 100 personnel by the end of next year.
This move is primarily concerned with facilitating in...
Cryptocoins News / The Cointelegraph - 2 years ago
The largest investment bank in Japan, Nomura, is set to establish a new subsidiary company to help institutional clients invest in cryptocurrency and nonfungible tokens (NFTs).The Financial Times reported on Tuesday that people with knowledge of Nomu...
Cryptocoins News / The Cointelegraph - 2 years ago
SBI Motor Japan, a subsidiary of SBI Africa Co. Ltd., has announced that its customers can now make payments for used cars using Bitcoin (BTC) and Ripple (XRP).According to the announcement by SBI on Monday, the development marks the first time XRP c...
Cryptocoins News / Blockchain - 2 years ago
Double Jump. Tokyo, a rapidly growing blockchain gaming startup in Japan, announced on Wednesday that it has raised $24 million (3 billion yen) in a Series C funding round.
This round of funding was led by Jump Crypto, a unit of U.S. trading group...
Bitcoin News / Bitcoin.com - 2 years ago
Two Japanese carmakers, Nissan and Toyota, have launched operations in the metaverse. Nissan’s virtual showroom can host vehicle launches and other events, while Toyota’s workspaces are being used to hold employee meetings.
‘Limi...
Bitcoin News / Bitcoinist - 2 years ago
Popular messaging app LINE has launched a non-fungible token marketplace called “LINE NFT,” only available for users in Japan.
Messaging App Line Releases New NFT Marketplace In Japan
As per an announcement on the company’s website,...
Bitcoin News / Bitcoin.com - 2 years ago
Japan’s top social network and messaging app, LINE, has launched a marketplace for non-fungible tokens (NFTs). The new service allows 90 million LINE users to send and exchange NFTs with their friends.
‘LINE NFT’ Marke...
Cryptocoins News / The Cointelegraph - 2 years ago
Japan’s largest social media application, Line, has officially launched its own nonfungible token (NFT) marketplace called LINE NFT. Partnering with Yoshimoto Kogyo, a major Japanese entertainment conglomerate — the LVC Corporation, Line’s crypto and...
Bitcoin News / Bitcoin.com - 2 years ago
In a recently released white paper, a Japanese non-fungible token (NFT) taskforce has asked the government to consider appointing a government minister whose job it would be to oversee all matters relating to Web3.
Building the Support Structur...
Cryptocoins News / The Cointelegraph - 2 years ago
Kakao Piccoma, a Japanese digital comics subscription service and subsidiary of the Korean internet company Kakao, has purchased a 50% controlling stake in the Japanese cryptocurrency exchange, Sakura Exchange Bitcoin (SEBC).That makes Kakao its larg...