Japan's Financial Services Agency (FSA) and the National Police Agency (NPA) have recommended measures to encourage mainstream banks to enhance customer protection, especially with transactions involving cryptocurrencies. In a press release published on February 14, 2024, the FSA emphasized the disturbingly high number of cases involving specialized fraud and noted ...
Stablecoin issuer Circle Internet Financial has signed a Memorandum of Understanding (MOU) with SBI Holdings to promote the adoption of USDC and Web3 services in Japan. As part of the agreement, SBI Group subsidiary, SBI VC Trade, will pursue registration as an electronic payment provider to enable USDC circulation in ...
Binance is making a strategic return to the Japanese market with the launch of a dedicated platform designed specifically for local customers. This move comes after five years of absence. The exchange closed its operations in Japan back in 2018 after it failed to win over the regulators. Binance's re-entry ...
Japanese Prime Minister Fumio Kishidare has reaffirmed his nation's unwavering commitment to the Web3 sector. During his keynote speech at the opening ceremony of the WebX conference in Tokyo, Kishida emphasized the immense potential of Web3 technology in revolutionizing the internet and catalyzing societal transformation. In his speech, Kishida underscored ...
Payment services company Circle is considering launching a stablecoin in Japan following the implementation of new legislation governing stablecoins in the country on June 1, 2023. The co-founder and CEO of Circle, Jeremy Allaire, sees Japan as a potentially significant market for stablecoins if they are widely adopted for international ...
Mitsui, a prominent Japanese trading conglomerate, has entered into a strategic cooperation agreement with Animoca Brands, a digital entertainment and blockchain technology company, to establish a new venture aimed at promoting web3 technology and fostering innovation in the Japanese market. With a strong track record of business development and a ...
On Friday, June 1, 2023, OpenAI received a cautionary notice from Japan's privacy authority, the Personal Information Protection Commission. The commission raised concerns that OpenAI collects private information without obtaining proper consent from individuals. In a statement issued by the commission, OpenAI has been advised to restrict the gathering of ...
On May 30, 2023, bitFlyer announced that it had implemented restrictions on crypto transactions to comply with the new Anti-Money Laundering (AML) regulations set by the Japanese Financial Action Task Force. These restrictions apply to all corporate and individual customers and are effective immediately. The restrictions would prevent users from ...
Japan has expressed support for OpenAI amidst a sea of restrictions by several nations and uncertainties for the artificial intelligence (AI) startup. On April 10, 2023, Hirokazu Matsuno, chief cabinet secretary, stated that Japan would consider integrating AI technology, such as OpenAI's ChatGPT chatbot, into governmental systems if security and ...
