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“# Kraken relaunches crypto trading in Japan as part of APAC expansion ” Major U.S.-based cryptocurrency exchange Kraken has launched funding and crypto trading services in Japan, furthering its expansion into the Asia-Pacific (APAC) region. On Oct. 22, the exchange announced it had launched spot trading of Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP),…
“# Japanese messaging giant LINE developing CBDC platform ” LINE, a Tokyo-based subsidiary of the South Korean internet search engine company Naver, is building a platform for developing central bank digital currencies, South Korean news agency The Chosun Ilbo reported on Oct. 19. Sources familiar with the matter reportedly told The Chosun that LINE aims…
“# Japanese payments firm JCB and Mizuho Bank test blockchain-based ID ” Major financial institutions in Japan are moving into blockchain to streamline digital identity systems. Japan’s third-largest bank, Mizuho Bank, and local payment giant JCB are preparing to pilot a digital identity interoperability system based on blockchain technology. The new system will utilize a…
“#Japan reportedly will dump Fukushima’s contaminated water into sea” TOKYO – Nearly a decade after the Fukushima nuclear disaster, Japan’s government has decided to release over one million tonnes of contaminated water into the sea, media reports said on Friday, with a formal announcement expected to be made later this month. The decision is expected…
“# ‘No single digital currency will dominate the world’ Bank of Japan now says ” There appears to be a disagreement within the top echelons of Japan’s government on the threat that China’s CBDC poses to the nation. Just last week, Kenji Okamura, vice-finance minister for Japan’s international affairs voiced concerns over its neighbor’s efforts…
“# Pro Super Smash Bros player to receive salary in XRP ” A high-profile gamer is joining SBI Holdings’ gaming arm, signing a contract to receive his salary in major cryptocurrency XRP. Kengo “Ken” Suzuki, a professional player of crossover action fighting game Super Smash Bros. Ultimate, or SSBU, has signed a contract with SBI…
“# Deadline for Mt. Gox trustee rehabilitation plan extended again ” The trustee of the now-defunct Japanese cryptocurrency exchange Mt. Gox has obtained another approval to extend the deadline for submitting a rehabilitation plan. Following a motion by Mt. Gox rehabilitation trustee Nobuaki Kobayashi, the Tokyo District Court issued another order to extend the deadline…
“# Japan must amend central bank laws to issue digital yen, says official ” Japan needs to adapt its laws to issue a central bank digital currency, according to a local financial official. Kozo Yamamoto, head of the Liberal Democratic Party’s council on financial affairs and a former official at the Ministry of Finance, believes…
“# Bank of Japan to begin digital currency proof-of-concept in 2021 ” The Bank for International Settlements (BIS), in collaboration with a group of seven central banks, published its first joint report into central bank digital currencies on Oct. 9, focusing on the foundational principles and core features of CBDCs. Alongside the report, the Bank…
“# Senior Japanese official fears China being ‘first-mover’ in digital currency ” Japanese banking officials continue to voice concern over China’s progress in the development of its central bank digital currency. Kenji Okamura, vice-finance minister for Japan’s international affairs, warned the global community of the potential risks of China’s digital yuan, Reuters reported Oct. 9….