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Japan

Japans Prime Minister03

01 Jun 23

XDC price rallies 28% as exchange enters Japan

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto exchange XDC Network partnered with Tokyo-based financial holding company SBI to expand to Japan. Its native token surged 28% amid the news. SBI’s crypto exchange branch, previously known as XinFin, said on May 31 that it would integrate the enterprise […]

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29 May 23

Bank of Japan advances CBDC program, following successful tests

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Bank of Japan (BOJ) has completed the second stage of its CBDC experimentation and is now moving forward with its pilot project. The Bank of Japan (BOJ) has successfully wrapped up the second phase of its study into the possibilities […]

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28 May 23

Binance launches compliant platform for users in Japan

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance, the world’s leading crypto exchange in market capital, is switching to a new platform explicitly tailored for customers in Japan to comply with local regulations. The said transition will occur this summer, with the specific date yet to be announced. […]

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23 May 23

Japan to impose stricter crypto AML measures from June

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Japan’s Cabinet has implemented stricter anti-money laundering measures to align its legal framework with global standards, explicitly targeting cryptocurrency asset transactions. The new measures, set to be enforced from June 1, were introduced after the Financial Action Task Force, an international […]

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16 May 23

North Korean hacking groups stole $721m in crypto from Japan

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied North Korean bad actors and hacking groups have stolen a total of $721 million worth of bitcoin (BTC) and other cryptocurrencies from Japan since the crypto summer of 2017. North Korean hackers have stolen more than $2 billion in crypto from […]

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28 Apr 23

Binance Japan to launch late June 2023

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Based on incoming reports, Sakura Exchange Bitcoin Company (SEBC) announced plans to launch a new service, Binance Japan, after June 23. The Provisional Binance Japan service will replace SEBC’s current exchange services, which will close by May 31. The SEBC release […]

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28 Mar 23

Bank of Japan prepares for digital yen pilot program

The Bank of Japan has announced its readiness to explore the issuance of a central bank digital currency (CBDC) through a pilot program launching in April, joining the global race to establish secure digital payment systems. The Bank of Japan has announced its intention to prepare for the potential issuance of a central bank digital […]

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27 Mar 23

Alibaba Cloud to launch blockchain lab for game devs in Japan

Alibaba Cloud, a leading global cloud computing corporation and a subsidiary of Alibaba Group, has revealed its intentions to establish a blockchain laboratory in Shibuya, Japan this April. According to an official announcement, the laboratory aims to strengthen game development for Japanese developers interested in delving into the web3 domain. Notably, Alibaba Cloud has partnered […]

Japans 1 Trillion Crypto Market May Ease Onerous Listing Rules

17 Jan 23

Japan calls for treating crypto like traditional banks

While advocating for more regulations for the crypto sector in Japan, the Japanese financial regulators have also called to regulate cryptocurrency in the same manner as banking. Mamoru Yanase, the deputy director-general of the Strategy Development and Management Bureau of the Financial Services Agency, believes that effective regulation should not only be applied to traditional finance […]

Japans FSA Debating Stricter Rules on Crypto Assets

29 Dec 22

Japan simplifies crypto listings to help local exchanges

The epic failure of the Sam Bankman-Fried-led FTX exchange prompted Japan’s Virtual and Crypto assets Exchange Association (JVCEA) to streamline token listing on local exchanges. The new JVCEA token streamlining program ensures that coins previously traded in any Japan Exchange will not be subjected to a stringent pre-listing process if it wants to list on […]

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