Tag: japan

Jan 31 2023

This Ex-Ripple Board Member Offers XRP As Shareholder Benefit

XRP News: Yoshitaka Kitao, the founder and CEO of Japanese financial services company SBI Group who was until 2021 a board member at Ripple, is offering shareholders with...

Jan 24 2023

Stablecoins Will Re-Enter Japan? FSA Works on Regulations

Japan intends to allow local investors to trade foreign stablecoins such as USD Coin (USDC) or Tether (USDT) no later than the end of the second quarter of 2023, The Financial Services Agency (FSA) reported.

Stablecoins and Japanese Ban

However, the FSA is unlikely to allow all foreign stablecoins, and the...

Jan 23 2023

Japan to allow stablecoins for trade by June 2023

Jan 23 2023 Published at Coinscreed under tags  japan news stablecoins trading usdc

In the sequel of its plan to lift the ban on foreign stablecoins like USDT, the Financial Service Authority in Japan is expected to approve new legislation by June 2023, which will allow the use of certain stablecoins for trading. According to a local financial body, Japan's new legislation permitting investors to trade using stablecoins […] The post...

Jan 18 2023

Coinbase to Halt Operations in Japan, Assures Smooth Transition for Customers

Jan 18 2023 Published at Blockmanity under tags  coinbase exchange japan news

In response to market conditions world's leading cryptocurrency exchange, Coinbase, has announced that it will be halting operations in Japan. This news comes less than a month after another major exchange, Kraken, announced its withdrawal from the country. According to […] The post Coinbase to Halt Operations in Japan, Assures Smooth Transition for Customers appeared first on Blockmanity.

Coinbase Stops Operations in Japan Due to Market Volatility

Coinbase Global Inc, one of the biggest and publicly-listed (NASDAQ:COIN) cryptocurrency exchanges, announced on Wednesday it is halting its Japanese operations due to the severe market slump and heightened volatility observed during previous months.

Harsh Conditions Forces Coinbase to Make Tough...

Coinbase shuts down operations in Japan

In the face of extreme market situations, Coinbase crypto exchange has officially halted its operations in Japan. The exchange urges customers to withdraw their crypto and cash assets by February 16. On January 18, Coinbase took the tough choice to thoroughly assess its operations in Japan and to stop all transactions with current clients, according […] The post...

Jan 17 2023

Tokyo Brokerage Firm Monex Group To Buy Crypto Exchange FTX Japan

Jan 17 2023 Published at Bitcoinist.com under tags  assets coincheck crypto news ftx japan

The implosion of the crypto exchange FTX sent shockwaves across the crypto space. Before its fall, FTX was one of the top exchanges in the world. It had millions of users with several products and services related to digital assets. Also, FTX had some subsidiary firms in different countries that are now struggling due to the sudden crash of the parent company. Following...

Crypto Regulation: Why Japan Is Urging Its Global Counterparts To Apply Crypto Rules To Banks

During the early years of bitcoin wherein crypto regulation around the asset class was lax, Japan was among countries that traded and managed it. Mt. Gox, which was once known as the largest crypto exchange, was the home of the early Bitcoin in the Land of the Rising Sun. But after the 2018 $500-million crypto hack on their local crypto exchange Coincheck, the...

Dec 16 2022

Japan to ease 30% crypto tax for crypto businesses

Dec 16 2022 Published at Coinscreed under tags  crypto businesses crypto tax japan news

In Japan, crypto issuers and businesses pay a set 30% corporate tax rate on their holdings, regardless having made a profit or not. However, the government is making plans to ease the levied tax. As part of its efforts to promote development in the domestic financial and IT industries, the Japanese government plans to relax […] The post Japan to...

Dec 14 2022

Japanese Power Giant To Mine Bitcoin

Dec 14 2022 Published at Coingape under tags  bitcoin bitcoin mining bitcoin news japan news

The utility firm of Japan, Tokyo Electric Power Grid (TEPCO), is working with TRIPLE-1. Bitcoin mining and to capitalize on the excess power in its grid is the aim. TRIPLE-1 is a local hardware manufacturer....

Japan’s Largest Power Company, TEPCO, To Mine Bitcoin With Excess Energy

TEPCO Power Grid is deploying bitcoin mining operations across Japan in a partnership with a local semiconductor company to capitalize on excess power.Japan’s largest electric power company is about to start mining bitcoin.Tokyo Electric Power Company (TEPCO) Power Grid is partnering with TRIPLE-1, a local semiconductor designer and developer, to mine bitcoin with excess energy across the country, CoinDesk...

Dec 09 2022

FTX gets three more months to stop all operations in Japan

Dec 09 2022 Published at Coinscreed under tags  crypto exchange news ftx japan

Japanese authorities have postponed FTX Japan’s suspension deadline because the firm has so far failed to return assets from custody to creditors. Local regulators have given the Japanese affiliate of the now-defunct cryptocurrency exchange FTX permission to work through withdrawal-related problems into the following year. According to Reuters, a statement addressing FTX Japan operations has […] The post...

Japan Extends FTX Suspension to March 2023, Orders Retention of Assets

Japan’s Kanto Local Finance Bureau has extended the suspension of FTX Japan, the local subsidiary of the beleaguered cryptocurrency exchange, FTX, to March 9, 2023, the Japanese Financial Services Agency announced on Friday.

Finance Magnates reported last...

FTX Gets New Deadline To Return Customer Funds In Japan, Here’s Why

Dec 09 2022 Published at Coingape under tags  crypto market ftx japan news

FTX Japan News: While investigations against Sam Bankman-Fried on various fronts are intensifying, uncertainty...

Dec 07 2022

Just-In: Japan’s FSA To Extend Suspension Of FTX Japan Amid Withdrawal Delays

Dec 07 2022 Published at Coingape under tags  ftx japan news

Japan's Financial Services Agency on Wednesday said it plans to extend the suspension order for crypto exchange FTX Japan. The move comes as Japanese arm is taking more time to resume withdrawals and return customer funds. The FSA in November ordered FTX Japan to suspend operations such as accepting new customers, and work on resuming The post Just-In: Japan's FSA To Extend Suspension...

Nov 30 2022

Binance returns to Japan after buying local crypto exchange Sakura

Binance back in Japan with Sakura Exchange Bitcoin in its pocket.

Breaking: Binance Acquires Sakura Exchange BitCoin, Re-Enters Japanese Market

Nov 30 2022 Published at Coingape under tags  binance japan news

The world's largest crypto exchange Binance on Wednesday...

Nov 28 2022

Japan’s LINE Shuts Down Crypto Exchange Bitfront, Cites Industry Challenges

Japanese messaging giant LINE has decided to shut down its Bitfront cryptocurrency exchange and will halt all withdrawals from the platform in March 2023.

Bitfront announced the development on Monday in a statement published on its website, noting the decision “is unrelated to recent issues related to certain...

Nov 23 2022

BOJ to conduct digital yen trial with Japan’s 3 megabanks

Nov 23 2022 Published at Coinscreed under tags  cbdc japan news

The Bank of Japan (BOJ) is working with three megabanks as well as regional banks in the Asian nation—and next year will trial a digital yen. The Bank of Japan (BoJ) is still testing a potential digital yen despite Japan's uncertainty over whether to issue a central bank digital currency (CBDC). According to a Nov. […] The post BOJ to...

Nov 11 2022

The Bahamas Freeze FTX.com Assets, Japan Halts Local Operation

The financial market regulator of the Bahamas has frozen the assets of “FTX Digital Markets and related parties” following the stunning collapse of Sam Bankman-Fried’s cryptocurrency exchange, FTX.com.

In a press release on...

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