A lawmaker from Japan’s ruling Liberal Democratic Party is calling for the country to relax its strict limits on cryptocurrency trading leverage. Seiji Kihara said at a financial summit in Tokyo that the current 2x leverage cap is too restrictive and that he plans to push for regulatory changes. Kihara ...
Read moreDetailsJapan could see its first Bitcoin exchange-traded fund (ETF) by 2028, potentially opening the door for trillions of yen in new investment as pension funds and other institutional investors look for ways to diversify their portfolios. The potential demand is already visible among Japanese institutional investors. Aiyu Kiguchi, executive director ...
Read moreDetailsJapanese logistics company AZ-COM Maruwa Holdings is preparing to roll out the JPYC stablecoin for payments to about 2,300 business partners, marking what could become Japan's first large-scale corporate use of a yen-backed stablecoin. According to a report by Nikkei, the company plans to use JPYC to pay transportation fees ...
Read moreDetailsBitcoin Japan has raised about 9.66 billion yen, approximately $65 million, through a new funding round, with plans to use part of the proceeds for its first Bitcoin purchase. The Tokyo-listed company, formerly known as Hotta Marusho, said around 662 million yen, roughly $4.5 million, has been earmarked for buying ...
Read moreDetailsOndo Finance, one of the largest tokenized securities platforms globally, has partnered with Japan’s SBI Group to bring Japanese equities onchain and expand access to tokenized financial products across the country. The partnership will allow Ondo to issue tokenized Japanese assets through Ondo Global Markets, while SBI will distribute Ondo’s ...
Read moreDetailsZen-Toshin, a Japanese payment processing company that advanced credit card sales to merchants, has filed for bankruptcy with liabilities of about 125.929 billion yen (around $870 million), becoming the country's biggest corporate bankruptcy of the year. The company filed for bankruptcy with the Osaka District Court on July 6, with ...
Read moreDetailsThe Bank of Japan has raised its key money market policy and adjusted interest rates in a 7–1 vote, marking a clearer step toward tighter monetary conditions. The central bank will now guide the uncollateralised overnight call rate to around 1.0 per cent for the coming period. It also raised ...
Read moreDetailsBitbank, one of Japan’s largest cryptocurrency exchanges, has warned customers that using prediction market platforms such as Polymarket could lead to account restrictions if the transactions are viewed as conflicting with the country’s gambling laws. In a notice published on Monday, the exchange said it may suspend accounts involved in ...
Read moreDetailsAnimoca Brands Japan, the strategic subsidiary of global Web3 leader Animoca Brands, has signed a memorandum of understanding (MOU) with Solv Protocol, a Bitcoin-focused decentralized finance (BTCFi) platform, to advance collaboration in the digital asset treasury (DAT) space. The partnership will enable Japanese publicly-listed companies to hold and manage Bitcoin ...
Read moreDetailsQuick Breakdown JPYC becomes Japan’s first fully yen-backed stablecoin, supported by bank deposits and government bonds. JPYC EX platform enables secure, regulated issuance and redemption under Japan’s AML laws. The move positions Japan for increased stablecoin competition and potential regulatory expansion in crypto investments. JPYC debuts Japan’s first yen-pegged Stablecoin ...
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