There is no shortage of regulatory efforts to mitigate the negative impacts of artificial intelligence.
Located in East Asia, Japan is a top 20 country in the world in terms of population. Japan has the third-largest economy by nominal gross domestic product and the fourth-largest economy by purchasing power parity. Tokyo is the country’s capital. Bitcoin in Japan has a notable following, as does cryptocurrency and blockchain as a whole.
The country’s regulators have deemed Bitcoin an approved money type. Japan hosts a number of crypto exchanges, and the country has regulatory requirements around the industry, creating a scene more favorable for compliant crypto-asset entities. Bitcoin’s anonymous creator, Satoshi Nakamoto, is thought to be from Japan, although little is confirmed about Nakamoto’s identity.
Mitsubishi UFJ Financial Group hasn’t revealed what firms will be the first to utilize its platform; however, a handful of banks have reportedly opted for a separate stablecoin solution.4175
Japanese privacy watchdog warned OpenAI about collecting sensitive data without permission, threatening further action.3339
Japanese lawmaker Takashi Kii says he is pushing for regulation to protect copyright holders from being infringed on by artificial intelligence algorithms.7080
After a fruitful spring season, the XDC Network expands its presence in the Japanese market via SBI VC Trade.9410
The platform is part of All Nippon Airways’ ongoing expansion into the intersection of airlines and Web3.6065
While adopting restrictions on transactions between exchanges, bitFlyer still supports transactions to and from self-custody wallets like MetaMask.3145
Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures starting June 1 to trace cryptocurrency transactions.3664
With the end of the proofs-of-concept, the Bank of Japan has initiated its CBDC pilot and plans to gather more public and business feedback.5200
The move follows the acquisition of the regulated crypto exchange Sakura Exchange Bitcoin in November 2022.13202
The Japanese parliament has decided to roll out tougher AML procedures in line with the “travel rule.”3118
An Elliptic report commissioned by Nikkei says Asian countries account for over 60% of losses to North Korean hackers and ransomware users; lax security played a role.3207
Group of 7 members met in Japan, where they discussed CBDCs and crypto regulation, with an eye toward quickly implementing the “Travel Rule” for crypto assets.10949
A local Japanese news outlet survey revealed that 69.4% of adults want stricter regulations for AI development and implementation.5413
Although no official date is mentioned for the launch of Binance Japan, the notice stated that the exchange could start after June.4807