Nobuaki Kobayashi said distribution of the Mt. Gox assets likely wouldn’t begin for at least a month, once the rehabilitation plan became "final and binding."
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.
- Mt. Gox trustee announces approval of rehabilitation plan, meaning creditors could soon receive billions11794
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?4037
The Bank of Japan is keen to ensure the seamless integration of its central bank digital currency with the existing payment architecture.3765
“I just want my coins back. I'm tired of how long and drawn out it is," said one user claiming to be one of the 24,000 Mt. Gox creditors.6215
Cooperation between public and private sectors would be vital for a global CBDC system, says a new joint report.3532
People on Twitter were accusing Pranksy of wash-trading a CryptoPunk NFT, Dolce & Gabbana is auctioning luxury NFTs to “approved bidders,” and FTX was spammed with tokenized fish.13384
An SBI exec said that the company would consider launching a second crypto fund depending on the success of the first.3386
Thailand's Bank of Ayudhya, where MUFG holds a 76.9% stake, has participated in a $41 million raise for Asia-Pacific-focused crypto trading platform Zipmex.2404
The funding comes soon after Liquid suffered a major hacking incident last Thursday when the exchange’s hot wallets were compromised.4009
The new regulation will be designed to provide better protection to Japanese investors.3289
Coinbase announced its official launch in Japan in partnership with banking giant Mitsubishi UFJ Financial Group providing a “quick deposit” fiat on-and-off ramp.6595
Japan’s newly appointed Financial Services Agency Commissioner, Junichi Nakajima, believes Bitcoin is a quick way to transfer cash, but people use BTC for speculation and investment.2802
Analysts at the Rand Corporation say crypto as part of the bilateral digital trade could lay the groundwork for cryptocurrency adoption in international trade.2518
Japan’s first On-Demand Liquidity service implementation helps Ripple drive the adoption of crypto-enabled services.16758
Yahoo Japan collaborates with messaging giant Line to enable secondary trading of NFTs issued on Line’s proprietary blockchain.4421