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Japan is the biggest loser of cryptocurrency to North Korean hackers, according to a study by blockchain analyst Elliptic. Asian countries make up three of the four top targets for the so-called Hermit Kingdom’s hackers, Elliptic found.The study, commissioned and reported on by Japanese financial publication Nikkei, looked at losses
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Representatives for the seven advanced economies signaled a commitment to following norms set by standard-setters FSB and IMF on crypto and central bank digital currencies. Source
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Speaking at the NexTech Week trade show in Tokyo on Thursday, Masaaki Taira, a lawmaker in the ruling Liberal Democratic Party and head of its Web 3.0 project team, said Japan has seen the future — and it’s blockchain.Taira — an outspoken cryptocurrency advocate — used his presentation on national
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Crypto exchange Binance is set to re-enter Japan after acquiring the regulated crypto exchange platform Sakura Exchange Bitcoin (SEBC). Binance acquired the exchange — a Japan Financial Services Agency-licensed business — in November 2022, intending to re-enter the Japanese crypto market.According to a report published in a local daily, SEBC would terminate
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In November last year, Binance acquired regulated crypto exchange Sakura Exchange BitCoin (SEBC). Existing services on SEBC will be terminated on May 31 and a new service under the provisional name “Binance Japan” will launch after June 2023, the notice said. Source
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Amber Group, a Singapore-based crypto lender, is considering selling its Japanese unit as part of its plan to focus more on institutional business rather than retail business, Bloomberg reported. According to Annabelle Huang, Amber's managing partner, the firm is currently evaluating options for its Japan operation, including a potential sale. Currently,
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Amber Group could sell its subsidiary in Japan to focus more on institutional rather than retail businesses. Leading global digital asset platform Amber Group is considering a possible sale of its Japan subsidiary amid other plans. The exchange liquidity provider and validator also seeks to apply for a license in Hong
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Japan has shown support for OpenAI amid a sea of bans by different countries and uncertainties for the company.Chief Cabinet Secretary Hirokazu Matsuno stated on Monday that Japan will contemplate incorporating artificial intelligence (AI) technology, such as OpenAI's ChatGPT chatbot, into government systems provided that privacy and cybersecurity issues are
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Japan recently approved a Web3 white paper that could place the East Asian nation at the forefront of global crypto growth. Japan has approved a Web3 white paper to boost the country’s fledgling crypto industry growth. On Thursday, the East Asian nation’s ruling Liberal Democratic Party’s Web3 project team published the crypto-guiding document.
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