The Bank of Japan announced on Thursday that it would experiment with a CBDC to check its feasibility from a technical perspective.
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.
The number of crypto and blockchain-related companies in Japan increased by more than 30% this year, data from Monex Group's Monex Crypto Bank shows.3407
Smaller firms in the sharing economy can find it difficult to compete with established, centralized platforms. A blockchain-based protocol plans to change that.2427
A Nikkei article states that Soramitsu will start testing its ‘White Tiger’ digital currency for retailers at a university in Fukushima.7813
BitFlyer Holdings held a general shareholders meeting by using a blockchain voting app which went “without any troubles.”5218
SBI announced a crypto investment fund, Bitflyer Holdings used blockchain-based voting for a shareholder meeting, and more headlined news from Japan this past week.2752
Tokai Tokyo Financial Holdings, a major Japanese traditional financial institution, is working towards launching a digital security exchange in Japan.3281
Japan's top idol is now part of bitFlyer cryptocurrency exchange's aggressive new advertising campaign.6776
New research from Xangle suggests Japan’s Financial Services Agency is more likely to approve crypto projects not involved in casino Dapps.6833
A new report on Japanese crypto regulation, an institutional crypto custody service, and more headlined news from Japan this past week.5780
Yuya Hasegawa, a Market Analyst at an FSA licensed crypto exchange in Japan, analyzed whether XRP will ever reclaim its throne.9042
Hironao Kunimitsu, the founder of Tokyo social gaming firm Gumi, spoke about the future of gaming and NFTs at Cointelegraph Japan’s Traders Live last week.5180
Tokyo Electric Power Company Holdings Inc partnered with Itochu Corporation to start building a blockchain-based system to trade electricity surpluses.5150
A survey by Japanese crypto exchange BitMax shows 25% of traders prefer XRP, compared to only 9% in ETH and 26% BTC.18783
Japan's minister of finance questioned crypto terminology, a company joined the Japan Security Token Association and more headlined news from Japan this past week.4362