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Binance and Banking Giant MUFG Want to Drive Web3 Adoption in Japan by Issuing Stablecoins

Other jurisdictions like the European Union and even the U.K. have taken more stringent approaches to regulating stablecoins, particularly after one such cryptocurrency, terraUSD, rapidly lost parity with the U.S. dollar last year, leading to the collapse of not just the issuer but a string of other prominent players in

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Turingum partners with MarketAcross to accelerate Web3 adoption

MarketAcross, a global blockchain marketing firm, has partnered with Japanese Web3 specialist Turingum to expand its market reach and drive blockchain adoption. Fostering Web3 business growth  Turingum aims to gain access to international companies through MarketAcross and expand its global footprint. In contrast, MarketAcross expects to strengthen its presence in the Japanese

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Nomura launches Bitcoin adoption fund for institutional investors

Nomura, Japan’s largest investment bank, announced that its subsidiary Laser Digital Asset Management has introduced a Bitcoin Adoption Fund aimed at providing institutional investors with direct exposure to Bitcoin. Targeting institutional investors, this move is part of a larger plan by Nomura, which is positioning the fund as “the first in

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Indian state governments spur blockchain adoption in public administration

Ever since Bitcoin (BTC) popularized blockchain technology worldwide, the tech has found its way into myriad processes, from finance to public administration.What started as a flex statement for early adopters has now become a way of revamping legacy systems and improving immutability, transparency and decentralization.Despite its proven real-world use cases,

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Bitcoin Adoption Fund launched by Japan’s $500B Nomura bank

Japan’s largest investment bank, Nomura’s digital asset subsidiary Laser Digital Asset Management, has launched a Bitcoin Adoption Fund for institutional investors.The official announcement noted that the Bitcoin (BTC)-based fund will be the first in a range of digital adoption investment solutions that the firm plans to introduce.Nomura is a Japanese

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Nomura’s Laser Digital Starts ‘Bitcoin Adoption Fund’ for Institutional Investors

"Technology is a key driver of global economic growth and is transforming a large part of the economy from analogue to digital," said Sebastien Guglietta, head of Laser Digital Asset Management. "Bitcoin is one of the enablers of this long-lasting transformational change and long-term exposure to Bitcoin offers a solution

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PayPal Releases First PYUSD Transparency Report, Shows Slow Adoption

Despite the slow uptake, the transparency report suggests that PYUSD is effectively backed up by reverse repurchase agreements. Payment giant Paypal has shared its first PayPal USD (PYUSD) transparency report with the public. The report comes 39 days after it announced the launch of the stablecoin. PayPal unveiled its  PYUSD stablecoin on

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