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Circle, the United States-based issuer of USD Coin (USDC), has set its sights on thriving Asian crypto markets. In a move to strengthen its presence in Asia, Circle picked Singapore to establish a regional headquarters. The company is also setting up an investment arm called Circle Ventures, according to Circle CEO
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The chief executive of Monex Group, a financial services firm based in Tokyo, believes central bank digital currencies (CBDCs) would be a boon for the cryptocurrency market.As reported by Reuters on Wednesday, Oki Matsumoto said the introduction of a digital version of the yen by the Bank of Japan (BoJ)
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Hiromi Yamaoka, former head of the payment and settlement systems department at the Bank of Japan, said that the country will likely need several years before it can issue a central bank digital currency.In a Nov. 17 Reuters interview, Yamaoka explained that the BoJ is concerned about a CBDC potentially
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SoftBank announced on Friday that its shareholders will receive an interim dividend of 22 yen per share.News outlet Reuters indicated that the company reached the decision after it underwent a series of asset sales that stabilized its finances.SoftBank Group Corp (TYO: 9984) has a market capitalization of around $131.64 billion. Its
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The total Assets under bitFlyer Japan’s custody topples 161.8 Billion Yen or approximately US$1.5 billion far back in August, breaking an almost two-year stalemate.Per Coindesk Japan’s report, bitFlyer Japan’s total assets under custody which is the highest the firm has seen since 2018 was most likely fueled by the company’s
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Japan is in no rush to digitize the yen but there are reasons the country should think seriously about a central bank digital currency (CBDC), said Tetsuya Inoue, formerly of the Bank of Japan (BoJ) and now a chief researcher at the Nomura Research Institute. Inoue is the author of
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The Bank of Japan has announced it will begin experimenting with a central bank digital currency (CBDC) to check its feasibility from a technical perspective.BoJ wants to digitize cash but it remains to be seen if Japan can catch up with China which has already begun testing its own CBDC.
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Even amid the financial turmoil caused by the coronavirus outbreak, countries are continuing to consider the adoption of a central bank digital currency (CBDC).In an exclusive interview with CryptoX Japan, Kozo Yamamoto, Liberal Democratic Party (LDP) Member of the House of Representatives and a former official at the Ministry
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China continues to pull ahead in the central bank digital currency race as more details on its secretive digital yuan project intermittently surface. As a result, more countries are beginning to worry about the potential implications.Over the past few weeks, a number of Japanese lawmakers have publicly expressed their
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Another Japanese lawmaker has publicly called for the swift development of the digital yen.The head of the banking and finance systems research commission at Japan's Liberal Democratic Party, Kozo Yamamoto, said today that the country should create a digital yen in two to three years.Reuters reported on Feb. 10
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