Japan Ministry of Economy launches Web3 policy office
The new body will bring together the financial regulators and creative industries to formulate the policies in the Metaverse. Go to Source Powered by WPeMatico
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FOMO Pay taps Ripple’s liquidity solution for treasury management
Ripple has continued to see adoption for its remittance technology from private institutions despite the ongoing lawsuit in the U.S. Go to Source Powered by WPeMatico
US Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, Report Unveils
U.S. diplomats have reportedly called on authorities in Tokyo to increase pressure on Japanese crypto exchanges and miners to sever links to Russia. The request was made to deepen Moscow’s financial isolation amid the ongoing Russian assault on Ukraine. Washington Wants Japan’s Crypto Companies to Cut Ties, Further Isolate Russia The United States has urged … Read more
US diplomats call on Japan’s crypto exchanges to cut ties to Russia: Report
The FSA and Japan’s finance ministry previously warned crypto firms against processing transactions involving sanctioned individuals or entities, subject to fines or imprisonment. Go to Source Powered by WPeMatico
Bitcoin in Zimbabwe: Importing cars and sending money to family
A young Zimbabwean Bitcoiner built out a business with Bitcoin — importing cars and sending remittance payments — when he returned to his homeland during the COVID-19 pandemic. Go to Source Powered by WPeMatico
Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea
Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region. Go to Source Powered by WPeMatico
New Japanese law may allow seizure of stolen crypto
Under the current variation of the law, there is no explicit procedure outlined for law enforcement officers to seize illegally obtained crypto from crime organizations. Go to Source Powered by WPeMatico
Caribbean Islands, Dubai, Mumbai — Bitcoin Cash Adoption Continues to Swell Worldwide
Bitcoin cash supporters are known for spreading adoption over the years and 2022 is no different. This year, the peer-to-peer cryptocurrency bitcoin cash has seen significant adoption throughout the islands of the Caribbean, alongside places like Dubai, and Mumbai. Bitcoin Cash Advocates Continue to Promote Peer-to-Peer Crypto Adoption According to the web page map.bitcoin.com, there … Read more
Japan Adopts Legislation Establishing Legal Framework for Stablecoins
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 on Stablecoins Approved in Japan in Aftermath of UST Collapse Lawmakers in Japan have passed a … Read more
Japan passes bill to limit stablecoin issuance to banks and trust companies
The Japanese government is rushing to enforce new stablecoin laws in the aftermath of the Terra collapse. Go to Source Powered by WPeMatico
