Bybit to Halt New User Registrations in Japan
Starting October 31, cryptocurrency exchange Bybit will restrict new user registrations in Japan. The platform aims to comply with new requirements set by the FSA.
Bybit to Halt New User Registrations in Japan
Starting October 31, cryptocurrency exchange Bybit will restrict new user registrations in Japan. The platform aims to comply with new requirements set by the FSA.
First Korean Won-Pegged Stablecoin Launched on Base Network
IQ and Frax have launched the "stablecoin" KRWQ, pegged to the South Korean won. This asset marks the first such token in the L2 solution Base.
Japanese Megabanks to Launch Joint Stablecoin, Reports Nikkei
Japan's three largest banks by market capitalization are joining forces to issue stablecoins tied to fiat currencies such as the yen and the US dollar, according to Nikkei.
Japan’s Finance Minister Endorses Cryptocurrency Investments
Japan's Finance Minister, Katsunobu Kato, acknowledged that cryptocurrencies could be part of diversified investment portfolios, according to Bloomberg.
SBI Holdings to Expand Partnerships with Circle and Ripple
The Japanese financial conglomerate SBI Holdings announced new partnerships with stablecoin issuer Circle, the fintech firm behind XRP, Ripple Labs, and the Web3 company Startale.
South Korea and Japan Enter the Stablecoin Race
Regulators in South Korea and Japan are actively creating conditions for the “stablecoin” market. According to local media, the former is preparing a new bill, while the latter is close to approving its first yen-pegged token. These moves are likely a response to actions by the United States. In July, President Donald Trump signed the […]
Bitwise Links Bitcoin’s All-Time High to Japanese Market Turmoil
The recent all-time high of the leading cryptocurrency may have been driven by issues in the Japanese bond market, according to André Dragoș, head of research at Bitwise in Europe. This was reported by Cointelegraph. The analyst expressed concern about the prospects of Japan’s sovereign lending, highlighting the sharp rise in the country’s long-term bond […]
Japan’s Second Largest Bank SMBC to Launch Stablecoin
Sumitomo Mitsui Financial Group, which manages Japan’s second largest bank, SMBC, plans to launch a stablecoin in collaboration with Ava Labs and Fireblocks, according to Nikkei. The financial institution will test the project in the second half of 2025, with the token release scheduled for 2026. Ava Labs will create the blockchain infrastructure, while Fireblocks […]
Metaplanet Acquires 150 BTC Following Eric Trump’s Appointment to Company Board
Metaplanet, dubbed the “Japanese Strategy,” has acquired 150 BTC worth $12.6 million. *Metaplanet Acquires Additional 150 $BTC, Now Holds 3,350 BTC* pic.twitter.com/sakdkwHSQZ — Metaplanet Inc. (@Metaplanet_JP) March 24, 2025 The purchase price was $83,801 per coin. The firm’s total crypto assets have reached 3,350 BTC ($291.3 million). Metaplanet has acquired 150 BTC for ~$12.6 million […]
Japan to Reassess Cryptocurrency Legislation
Japan’s Financial Services Agency (FSA) is set to review cryptocurrency legislation, considering the classification of digital assets as financial products “on par with securities.” This was reported by Nikkei. A special expert group within the FSA will analyze current regulations and present a reform plan by the end of June. The specialists also intend to […]
Metaplanet Shares Surge 2700% Following Bitcoin Strategy Adoption
Shares of Metaplanet, dubbed the “Japanese Microstrategy,” have soared over 2700% since the adoption of a Bitcoin strategy in early April 2024. During the same period, the leading cryptocurrency increased by 34%, while gold rose by approximately 22%. Data: Google Finance. Data: Binance Square. The company holds 1762 BTC valued at $169.6 million. Data: BitcoinTreasuries. […]
Japan Urges Apple and Google to Block Apps of Five Crypto Exchanges
Japan’s Financial Services Agency (FSA) has officially requested Apple and Google to block applications from five unregistered cryptocurrency exchanges, reports Nikkei. The list includes Bybit, MEXC Global, LBank Exchange, KuCoin, and Bitget. It is reported that Apple has already complied with the request. The company has also repeatedly warned platforms against offering services to Japanese […]We use cookies to improve the quality of our service.
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