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.
Authorities in the 3rd-largest economy are meeting to discuss adopting a digital currency.
Japan the Next Country to Mint a Digital Currency?
The crypto exchange is planning to work on a joint project with the Japanese telecom giant to test digital currency in cafes.
DeCurret Partners with KDDI to Test Digital Currency
Japanese exchange Bitpoint released data on its massive 2019 deficit, the country’s FSA pointed out tightening regulations, and more in news from Japan this pas...
Cryptocurrency News From Japan: Feb. 9 - Feb. 15 in Review
China continues to get ahead in the CBDC race, but will Japan attempt to counter it with its own digital currency?
Japan Uneased by Chinese CBDC, Plans on Digital Yen in ‘2 to 3’ Years
Financial services giant SBI Holdings’s subsidiary is partnering with German tech company Northern Data AG and Texas-based data centers operator Whinstone US In...
SBI Crypto Subsidiary Partners With Northern Data on Mining Project
Japanese lawmaker Kozo Yamamoto said today that the government should include the digital yen plan in its mid-year policy.
Japanese Official Calls for Urgent Development of Digital Yen to Counter China
Japan is feeling the pressure of China’s moves forward with a digital yuan, with lawmakers calling for the G7 to put CBDCs on its 2020 agenda.
Japanese Lawmakers Want US to Place Digital Currencies on G7 Agenda