Ripple breaks ground in Japan, SBI Group to use XRPL for supply chain solutions
Ripple has partnered with HashKey DX to introduce XRP Ledger-based blockchain solutions to the Japanese market. Go to Source
Japan
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Japan’s Web3 Ambitions Hang in Balance as Political Scandal Rocks Kishida’s Leadership
Japan’s Prime Minister Fumio Kishida and the ruling Liberal Democratic Party are advocating Web3 development amid a major corruption scandal that threatens their political stability. With leadership elections approaching in September and declining party support, the future of Japan’s Web3 policy and initiatives, including a substantial number of active projects, remains uncertain. Despite global challenges … Read more
Japanese Firm Metaplanet to Add $659M in Bitcoin to Its Treasury, Shares Soar 90% in Response
According to the latest figures, Metaplanet, a company listed on the Japanese stock exchange, witnessed its share price soar by nearly 90% in just one day. This significant jump came on the heels of the company’s announcement regarding its intention to incorporate 1 billion yen in bitcoin into its balance sheet. Metaplanet Joins Forces With … Read more
Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project
According to a regional report, Sony Bank of Japan is currently exploring the potential of a stablecoin tied to the yen that could be utilized by Sony Group along with its associated entities. Insiders revealed that this endeavor’s testing phase employs the Polygon blockchain, with the crypto firm Settlemint lending its support. Polygon and Settlemint … Read more
Hokkoku Bank Launches Tochika, Japan’s First Deposit-Backed Stablecoin
Hokkoku Bank, a regional financial institution in the Ishikawa prefecture, launched Tochika, Japan’s first deposit-backed stablecoin. Customers of the bank will be able to purchase the currency using Tochitsuka, an app developed by Digital Platformer, that previously allowed users to earn points from city services. Hokkoku Bank Reaches Milestone With Deposit-Backed Stablecoin Tochika Hokkoku Bank … Read more
Japan’s SBI looks to Saudi Aramco as it continues Middle East expansion
They have signed a memorandum of understanding on digital asset investment and semiconductor production. Go to Source
Average value of undeclared crypto in Japan dropped 19% in 2022
The number of tax evasion cases featuring crypto assets rose 35% last year when compared to 2021. Go to Source
Standard Chartered’s venture arm to set up crypto fund in UAE
SC Ventures will establish a Digital Asset Joint Venture investment company in partnership with a Japanese financial conglomerate, SBI Holdings. Go to Source
Progmat stablecoin platform takes shape as wallet, liquidity providers join
Progmat Coin hopes to issue yen- and dollar-pegged “trust-type” stablecoins next summer to accommodate around-the-clock settlement. Go to Source
G7 countries to launch AI code of conduct: Report
The Group of Seven (G7) countries will agree on a voluntary AI code of conduct for companies developing AI to reference for mitigating risks and benefits of the technology. Go to Source