Cryptocurrency Analysis and News Portal
While there is a plan to set up a panel in April, the Japanese government is also launching a pilot program for the digital yen in the same month. As the race for digital currencies intensifies, the Japanese government is considering launching a panel to examine the practicality of the
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Fujitsu is notably making its full-blown debut into the digital currency ecosystem following months of what many will term, preparing the way. Fujitsu, one of Japan’s top Information Technology (IT) companies that manufactures computer hardware and accessories has made an emphatic move to deepen its foothold in the crypto ecosystem.
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Japanese banks Tokyo Kiraboshi Financial Group, The Shikoku Bank, and Minna no Bank are reportedly launching a stablecoin to enhance payments. Three Japanese banks are planning a stablecoin experiment toward implementing a payment system that satisfies legal requirements. According to a press statement released Thursday, the involved banks are Tokyo Kiraboshi Financial
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Japan has been moving toward allowing stablecoins. Following the collapse of multibillion-dollar algorithmic stablecoin issuer Terra in 2022, parliament passed a set of stablecoin-specific rules focused on investor protection. The government also plans to allow stablecoins issued outside the country to be listed on local exchanges. Additionally, new rules to
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Several Japanese tech and finance giants have signed a document to create the Japan Metaverse Economic Zone, a multipurpose virtual universe that will have its base in a platform called Ryugukoku. The virtual world will allow these companies to share their technology with users as it lets them roam this
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The firms are looking to create an interoperable metaverse structure called RYUGUKOKU (TBD). In a bid to advance the country’s Web 3.0 strategy, IT services company Fujitsu and other top Japanese technology firms are forming a coalition. The coalition is aimed at developing an infrastructure for an open metaverse in
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Fumio Kishida, the Prime Minister of Japan, has come out in support of blockchain as a potential solution for technological issues facing the country.In response to questioning from Liberal Democratic Party member Masaaki Taira before the Budget Committee of Japan’s House of Representatives on Feb. 1, Kishida said there were
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Financial regulators in Japan have urged global regulators to treat crypto the same way as they do banking, calling for tougher rules for the sector.According to the deputy director-general of the Financial Services Agency’s Strategy Development and Management Bureau, Mamoru Yanase, crypto needs to be controlled.“If you like to implement
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Judge John Dorsey of the Delaware Bankruptcy Court, charged with overseeing the wind-up of the exchange, approved the measures in an order dated Thursday after a hearing held Wednesday. Sale notices will be published within around three business days, with indications of interest to be received between Jan. 18 for
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Gumi, a Japanese mobile gaming company, has partnered with Square Enix and SBI Holdings to build new business opportunities around the metaverse. The deal, which also includes the issuance of new stock valued at $52.7 million dollars, will allow the company to acquire financial and content creation experience. Gumi Raises $52.7
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