News
The first phase of Japan’s CBDC pilots will have been completed by March 2022, the central bank states.
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Japan News
Japan is an island nation in East Asia. It is the tenth-largest country in the world by population and has the third- and fourth-largest economy by nominal GDP and purchasing power parity, respectively. Japan has been interested in Bitcoin and blockchain technology developments from the beginning, so the country has become the place of origin for several of the largest Japan Bitcoin exchange platforms, which have expanded to the international level with a wide range of virtual currencies available. Despite serious cyberattacks, the authorities have continued to raise a lot of capital for the popularization of digital currencies. The government considers Japan cryptocurrency legislation as a way to attract international investors from countries where cryptocurrency is banned and, through that, to strengthen the national economy.
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Japan has been a member of the FATF since 1990.
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Sumitomo Mitsui has partnered with Securitize to launch Japan’s first security token that complies with the country’s Financial Instruments and Exchange Act.
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Asia’s largest economies are pushing forward with their respective CBDC trials, with six Chinese banks offering digital wallets and Japan establishing a new committee.
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The mining subsidiary of Japanese financial conglomerate SBI Holdings is opening its pool services to institutional and retail customers alike.
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In fresh remarks, Bank of Japan Governor Kuroda Haruhiko said that experiments with a domestic central bank digital currency will begin in spring 2021.
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SBI Holdings subsidiary Morningstar started its XRP shareholder benefits in 2019.
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Japanese retail giant Rakuten has integrated its crypto wallet with its payment app, enabling consumers to directly load and convert their Bitcoin holdings for use in everyday spending.
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Mt. Gox creditors will vote on a proposed draft compensation plan in October.
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Will they or won't they happen? Amid debates over how safe the Olympic games can be in 2021, cryptocurrency traders can now bet on the likelihood of their eventual go-ahead.
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Statista has found that one-in-three Nigerians held or used crypto assets during 2020.
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SBI Holdings is reportedly considering mergers and acquisitions as a means of solidifying a potential deal.
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Average gas fees hit a new all-time high of $17.5 per transaction on Feb. 3, triggering some exchanges to halt Ether and ERC-20 withdrawals.
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After launching its crypto lending service in late 2020, SBI has now added support for XRP.
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The Coincheck crypto exchange will list Chiliz and Socios' non-fungible tokens on its new NFT marketplace.
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