SBI News

OQC is also launching what it calls “the world’s first enterprise ready quantum computing platform.”

The agreement was made in a memorandum of understanding, but SBI Holdings must first register as an electronic payment instruments service provider in the country.

SC Ventures will establish a “Digital Asset Joint Venture” investment company in partnership with a Japanese financial conglomerate, SBI Holdings.

SBI Holdings will work with UAE firm TradeFinex on a Japanese joint venture to boost the adoption of its enterprise blockchain platform on the XDC Network.

SBI Remit will use XRP as a bridge currency to enable faster and more cost-effective remittances to several Southeast Asian countries.

After a fruitful spring season, the XDC Network expands its presence in the Japanese market via SBI VC Trade.

Japanese banks such as Yamaguchi, Momiji and Kitakyushu now support the MoneyTap P2P remittance service based on RippleNet.

The firm planned to launch a digital asset securities platform in Singapore, as well as provide custody, capital markets products and corporate finance advisory services.

Here's where cryptocurrency firms have received the most regulatory approvals and licenses over the past few weeks.

After terminating mining operations in Russia's mining-rich region of Siberia in February, SBI still continues running some mining activity in the country.

Under the U.S. Commodity Exchange Act and CFTC regulations, derivatives exchanges must have approval to operate as a Designated Contract Market or a Swap Execution Facility.

The development marks the first time XRP digital currency will be used on a cross-border Japanese e-commerce site.

The SBI crypto-asset fund consists of seven cryptocurrencies including Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Chainlink and Polkadot, none exceeding more than 20% in ratio.

Coinhako received regulatory approval from the Monetary Authority of Singapore just a month before the SBI funding.

The crypto venture is expected to formalize its operation by the end of 2021 and start offering its services by early 2022.