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” Japan passes bill to limit stablecoin issuance to banks and trust companies “ Japan is moving forward with legislation regarding the issuance of stablecoins i.e. digital assets with their value pegged to fiat currencies or stabilized by an algorithm. On June 3, Japan’s parliament passed a bill to ban stablecoin issuance by non-banking institutions,…
” Developing countries love the Metaverse, rich nations not keen: WEF survey “ Excitement for the Metaverse and virtual or augmented reality (VR/AR) is much greater in developing countries than in high-income countries according to a survey conducted for the World Economic Forum (WEF). Market research firm Ipsos released the results of the survey on…
” Bitcoin creeps toward $30K, but data shows bears in favor for Friday’s $1.8B BTC options expiry “ Bitcoin (BTC) price has been unable to close above $32,000 for the past fifteen days and is currently down 37% year-to-date. Although that might seem excessive, it does not stand out among some of the largest U.S.-listed…
” Japan’s Bitbank to set up a custody firm to facilitate institutional entry to local markets “ In a new development for East Asia, Japanese crypto exchange Bitbank announced a partnership with financial holding company Sumitomo Mitsui Trust Holdings with the goal of establishing Japan Digital Asset Trust (JADAT). According to an announcement sent to…
“Biden should overhaul Taiwan policy and not let aides walk back his views” For the third time in his presidency, Joe Biden has said the United States is committed to defending Taiwan with force. In each instance, administration officials walked back his remarks, insisting that longstanding US policy — which embraces no such commitment —…
“US would intervene with military to defend Taiwan” TOKYO — President Joe Biden said Monday that the U.S. would intervene militarily if China were to invade Taiwan, saying the burden to protect Taiwan is “even stronger’ after Russia’s invasion of Ukraine. It was one of the most forceful presidential statements in support of self-governing in…
“US and 12 countries join new Indo-Pacific trade pact” TOKYO — President Joe Biden announced 12 countries have joined a new trade pact that the White House says will help the United States work more closely with Asian economies on issues including supply chains, digital trade, clean energy and anticorruption efforts. The signatories joining the…
“Biden says monkeypox cases something to ‘be concerned about’” President Joe Biden said Sunday that recent cases of monkeypox that have been identified in Europe and the United States were something “to be concerned about.” In his first public comments on the disease, Biden added: “It is a concern in that if it were to spread it…
“Secret Service agents sent home from South Korea after drunken incident” Two Secret Service employees were shipped back to the US from South Korea this week following an alcohol-fueled confrontation with a local cab driver ahead of President Biden’s trip to the country, according to multiple reports. ABC News reported Friday that an agent and…
“Only 50 Tourists Allowed in During Japan’s New Tourism Reopening Trial” Asakusa in January 2022 (photo: Daryl Harding) After the Japanese government announced yesterday that the country will be opening back up to a limited amount of tourism, more details were revealed for the plan overnight – including that only 50 people will…