Japan | ForkLog

ForkLog 11 23.05.2022

Media: Sumitomo Mitsui Trust to launch custodial service for cryptocurrencies

The Sumitomo Mitsui Trust Bank, with assets worth $664 billion, will create a subsidiary that will offer custody services for cryptocurrencies to institutional investors. Nikkei Asia reports.

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ForkLog 7 23.03.2022

Japan to publish a whitelist of cryptocurrencies for local exchange listings

The Japanese Virtual Currency Exchange Association (JVCEA) is expected to publish a list of 18 cryptocurrencies by the end of March that local platforms will be able to add to listings without prior screening, Nikkei reported.

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ForkLog 7 22.03.2022

Coincheck to list on Nasdaq via $1.25 billion SPAC deal with Thunder Bridge Capital Partners IV

The Japanese cryptocurrency exchange Coincheck announced plans in the second quarter to list on Nasdaq via a SPAC deal worth $1.25 billion with Thunder Bridge Capital Partners IV (THCP).

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ForkLog 13 07.02.2022

MUFG to launch stablecoin pegged to the yen in 2023

MUFG, Japan's largest financial conglomerate, via its trust bank Mitsubishi UFJ Trust and Banking, announced plans to launch a stablecoin pegged to the Japanese yen in 2023. The report cites Nikkei.

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ForkLog 8 04.02.2022

Bloomberg: Japan weighs loosening listing rules for Bitcoin exchanges

The Japanese Virtual Currency Exchange Association (JVCEA) is considering relaxing listing rules for new assets, Bloomberg reports, citing informed sources.

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ForkLog 14 31.01.2022

Former BoJ official sees risks in launching the digital yen

CBDC could threaten financial stability and have catastrophic consequences for the economy, according to Hiromi Yamaoka, the former head of the Bank of Japan's digital yen research, The Japan Times reports.

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ForkLog 13 29.01.2022

Bank of Japan to decide on CBDC launch by 2026

Bank of Japan Governor Haruhiko Kuroda told lawmakers that the regulator has not yet decided on launching the digital yen.

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ForkLog 11 07.12.2021

Japan proposes limits on stablecoin issuance

The Japanese Financial Services Agency (FSA) proposed imposing caps and restricting the list of stablecoin issuers to banks and money-transfer services. Nikkei reports, citing sources.

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ForkLog 14 15.11.2021

Circle to launch stablecoin pegged to the Japanese yen

One of the operators of the USDC stablecoin, Circle, announced the launch of a stablecoin pegged to the Japanese yen through its venture arm Circle Ventures. As part of expanding its presence in Asia, the company will also open an office in Singapore, Bloomberg reports.

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ForkLog 12 12.11.2021

Media: Chinese investors used cryptocurrency to buy real estate in Japan

Tokyo's tax office found that Chinese investors purchased real estate in Japan worth ¥27 billion ($237 million) using cryptocurrency to evade restrictions. The Asahi Shimbun reports, citing sources.

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ForkLog 7 15.10.2021

Bank of Japan Doubts CBDC Is the Only Answer

Bank of Japan will continue studying the possibility of issuing CBDC, but it does not regard it as an alternative solution to the problems of digitizing payments. This was stated by Executive Director Shinisi Utida.

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ForkLog 12 04.10.2021

Cardano investors in Japan underpay about $6 million in taxes, audit finds

Japanese residents underpaid about ¥1.4 billion (~$12.6 million) in taxes, with half of the amount tied to Cardano (ADA) transactions, according to an audit by Nikkei.

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