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SBI Group, the financial services company group based in Tokyo, Japan, has announced the launch of a crypto asset fund that consists of seven different digital currencies. The crypto fund launched by the Japanese company includes bitcoin, ethereum, xrp, litecoin, bitcoin cash, chainlink, and polkadot. SBI Group’s New Crypto Fund Leverages 7 Different Digital Assets … Read more
The crypto venture is expected to formalize its operation by the end of 2021 and start offering its services by early 2022. Go to Source Powered by WPeMatico
Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies. Crypto service providers involved in stablecoin transactions, including wallets, will also be brought under the financial regulator’s oversight. Japan to Tighten Stablecoin Regulation Japan’s Financial Services Agency (FSA) is planning … Read more
Major Japanese cryptocurrency exchange Coincheck launched its own NFT marketplace back in March 2021. Go to Source Powered by WPeMatico
Private-sector behemoths in Japan are exploring digital currencies as a way to streamline large fund transfers and settlements. Go to Source Powered by WPeMatico
Mt Gox claimants may see restitution soon as a recent filing from the Tokyo District Court’s trustee Nobuaki Kobayashi explains that the rehabilitation plan is now “final and binding.” The document published on Tuesday notes that an announcement will follow that discloses the “details of the specific timing, procedures, and amount of such repayments.” Mt … Read more
Nobuaki Kobayashi implied in October the “final and binding” ruling was the last major hurdle in the compensation process, hinting users who filed claims could receive the funds fairly quickly. Go to Source Powered by WPeMatico
Circle’s Asia plans include a regional headquarters in Singapore, a new venture arm and investment in Japanese yen stablecoin efforts. Go to Source Powered by WPeMatico
Nobuaki Kobayashi said distribution of the Mt. Gox assets likely wouldn’t begin for at least a month, once the rehabilitation plan became “final and binding.” Go to Source Powered by WPeMatico
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar? Go to Source Powered by WPeMatico