XDC Network gets Japanese foothold via partnership with SBI subsidiary
After a fruitful spring season, the XDC Network (XinFin) expands its presence in the Japanese market via SBI VC Trade. Go to Source Powered by WPeMatico
Japan
Auto Added by WPeMatico
Japan’s largest airline launches NFT marketplace
The platform is part of Air Nippon Airways’ ongoing expansion into the intersection of airlines and Web3. Go to Source Powered by WPeMatico
bitFlyer adopts crypto deposit limits to comply with Travel Rule
While adopting restrictions on transactions between exchanges, bitFlyer still supports transactions to and from self-custody wallets like MetaMask. Go to Source Powered by WPeMatico
From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29
Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1. Go to Source Powered by WPeMatico
Binance kicks off transition to new platform in Japan
The move follows the acquisition of the regulated crypto exchange Sakura Exchange Bitcoin (SEBC) in November 2022. Go to Source Powered by WPeMatico
Japan’s crypto anti-money laundering measures to start in June: Report
The Japanese parliament has decided to roll out tougher AML procedures in line with the “travel rule.” Go to Source Powered by WPeMatico
Japan leads world in losses from North Korean crypto hacking with 30% of total: Report
An Elliptic report commissioned by Nikkei says Asian countries account for over 60% of losses to North Korean hacker and ransomware users; lax security played a role. Go to Source Powered by WPeMatico
G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets
Group of 7 members met in Japan, where they discussed CBDCs and crypto regulation, with an eye towards quickly implementing the “travel rule” for crypto assets. Go to Source Powered by WPeMatico
Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark
Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has “disproportionate power” as a reserve currency, retracting his previous statement in which he referred to the currency as the … Read more
AI chatbot usage causes concern among 70% of Japanese adults
A survey conducted by a local Japanese news outlet revealed that 69.4% of adults want stricter regulations for AI development and implementation. Go to Source Powered by WPeMatico