SBI’s total pre-tax profit from its crypto business surged above $174 million in the past fiscal year.
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.
The online games and virtual world creator has snapped up 1,717 Bitcoin for $58,226 each, as it believes the cryptocurrency offers “long-term stability and liquidity.”9467
Amid the COVID-19 pandemic, the role of digitalization has become central to achieving sustainability and lessening climate change.6168
The first phase of Japan’s CBDC pilots will have been completed by March 2022, the central bank states.12981
Japan has been a member of the FATF since 1990.4138
Sumitomo Mitsui has partnered with Securitize to launch Japan’s first security token that complies with the country’s Financial Instruments and Exchange Act.11872
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.7339
The mining subsidiary of Japanese financial conglomerate SBI Holdings is opening its pool services to institutional and retail customers alike.8464
In fresh remarks, Bank of Japan Governor Kuroda Haruhiko said that experiments with a domestic central bank digital currency will begin in spring 2021.5401
SBI Holdings subsidiary Morningstar started its XRP shareholder benefits in 2019.14564
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.11884
Mt. Gox creditors will vote on a proposed draft compensation plan in October.5236
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.3670
Statista has found that one-in-three Nigerians held or used crypto assets during 2020.17565
SBI Holdings is reportedly considering mergers and acquisitions as a means of solidifying a potential deal.16483