Tag: Japan

Tokoyo-based Metaplanet Inc. has secured a one billion yen ($6.8 million) loan to further expand its Bitcoin holdings, according to the latest update from the firm.   According to the firm, the loan was secured at an annual interest rate of 0.1% and would be paid back over the course of ...

BitFlyer, the Tokyo-based parent company of the eponymous cryptocurrency exchange, has finalized its acquisition of FTX’s Japanese division, purchasing all outstanding shares of FTX Japan.  In a press release published today Friday, July 26, BitFlyer announced its plans to integrate FTX Japan into its operations and rebrand it as “Custody ...

Asset management giant Franklin Templeton has partnered with SBI Holdings to establish a new cryptocurrency exchange-traded fund (ETF) management company. The two firms signed a Memorandum of Understanding (MoU) for the joint venture on July 26, according to an official announcement. According to the announcement, the joint venture will see ...

Japanese investment firm MetaPlanet has significantly increased its Bitcoin (BTC) holdings, purchasing 42.47 BTC for over 400 million yen (approximately $2.8 million USD), according to a press release issued on Monday, July 8, 2024. This acquisition brings the firm's total Bitcoin assets to 203.743 BTC, valued at about 2.05 billion ...

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 ...