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American billionaire and CEO of crypto exchange FTX Sam Bankman-Fried announced that his company acquired Japanese crypto firm Liquid Group and its subsidiaries. As a part of the deal, FTX will acquire Quoine Corporation, a Financial Services Agency (FSA)-approved crypto exchange. As Cryptox previously reported, Quoine acquired a Type I Financial
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Yosuke Matsuda, president of Square Enix — the game developer behind Final Fantasy, Dragon Quest and Kingdom Hearts — recently reiterated the company’s blockchain ambitions while acknowledging ongoing concerns about the new trend. Fast facts In a new year’s letter posted on the company website, Matsuda emphasized that incorporating blockchain technology into
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“Japanese tax regulation is crazy and wrong,” Genki Oda, president of crypto exchange BITPoint, told CryptoX. If the authorities were to make the tax law on crypto equivalent to that of stocks, he estimated that 10 trillion to 20 trillion yen (US$88 billion to $175 billion) would return to Japan’s
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Chino said it was too sensitive to disclose specific details of discussions between JCBA members. He did reveal that among questions raised was who would be subject to the travel rule. Though the travel rule would be applied to inter-VASP transactions, he said it was not clear whether hosted wallets
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According to The Nihon Keizai Shimbun (Nikkei), one of the world's largest financial newspapers and the entity behind the Nikkei 225 stock index, Japan's Financial Services Agency, or FSA, will propose legislation next year restricting stablecoin issuance to only bank and wire transfer companies. Theoretically, this would prevent entities such
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Japanese financial conglomerate SBI Holdings is reportedly launching a crypto fund that will invest in several cryptocurrencies. “I want people to hold it together with other assets and experience firsthand how useful it can be for diversifying portfolios,” said an executive of the company. SBI Holdings Launching Crypto Fund SBI Holdings Inc.
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Breathtaking pieces of art by Spatial Artist Wu Dan, Tamaki Chihiro—one of Japan’s leading manga artists, and more are being showcased at Revival–the first multi-chain NFT aggregator marketplace on IOST–, after joining under the Medici Support Program. Revival NFT Marketplace and Medici Support Program Various updates on July 30 indicates that users
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SBI Holdings, a Japanese financial services firm, is to lead an ongoing strategic fundraising round for Swiss digital asset bank Sygnum. Sygnum, which holds a Swiss banking license, said Tuesday it has secured an “eight-figure” U.S. dollar investment from SBI’s subsidiary, SBI Digital Asset Holdings, which will be used to help
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SBI Holdings, a major Japanese financial services firm, is currently in discussions with foreign financial firms to establish a cryptocurrency joint venture.SBI’s founder and CEO Yoshitaka Kitao said his firm would “definitely” turn the venture into a core earner for SBI, while adding his firm is considering large scale mergers
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The G7 meeting on Friday is a virtual meeting and will be the first since U.S. President Joe Biden was sworn into office on Jan. 20. Source
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