News
“I just want my coins back. I'm tired of how long and drawn out it is," said one user claiming to be one of the 24,000 Mt. Gox creditors.
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Japan News
Located in East Asia, Japan is a top 20 country in the world in terms of population. Japan has the third-largest economy by nominal gross domestic product and the fourth-largest economy by purchasing power parity. Tokyo is the country’s capital. Bitcoin in Japan has a notable following, as does cryptocurrency and blockchain as a whole.
The country’s regulators have deemed Bitcoin an approved money type. Japan hosts a number of crypto exchanges, and the country has regulatory requirements around the industry, creating a scene more favorable for compliant crypto-asset entities. Bitcoin’s anonymous creator, Satoshi Nakamoto, is thought to be from Japan, although little is confirmed about Nakamoto’s identity.
- News
Cooperation between public and private sectors would be vital for a global CBDC system, says a new joint report.
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People on Twitter were accusing Pranksy of wash-trading a CryptoPunk NFT, Dolce & Gabbana is auctioning luxury NFTs to “approved bidders,” and FTX was spammed with tokenized fish.
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An SBI exec said that the company would consider launching a second crypto fund depending on the success of the first.
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Thailand's Bank of Ayudhya, where MUFG holds a 76.9% stake, has participated in a $41 million raise for Asia-Pacific-focused crypto trading platform Zipmex.
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The funding comes soon after Liquid suffered a major hacking incident last Thursday when the exchange’s hot wallets were compromised.
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The new regulation will be designed to provide better protection to Japanese investors.
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Coinbase announced its official launch in Japan in partnership with banking giant Mitsubishi UFJ Financial Group providing a “quick deposit” fiat on-and-off ramp.
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Japan’s newly appointed Financial Services Agency Commissioner, Junichi Nakajima, believes Bitcoin is a quick way to transfer cash, but people use BTC for speculation and investment.
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Analysts at the Rand Corporation say crypto as part of the bilateral digital trade could lay the groundwork for cryptocurrency adoption in international trade.
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Japan’s first On-Demand Liquidity service implementation helps Ripple drive the adoption of crypto-enabled services.
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Yahoo Japan collaborates with messaging giant Line to enable secondary trading of NFTs issued on Line’s proprietary blockchain.
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The Japanese Ministry of Finance is hiring more staff to develop stricter global rules for digital currencies, particularly fiat-pegged stablecoins.
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Four men have been arrested in Aichi Prefecture for allegedly running a fraudulent crypto scheme that drew in 20,000 Japanese investors and raised 6 billion yen.
2638 - Analysis
Binance has become a target for regulatory action across the globe, but is it the exchange being targeted or the crypto ecosystem in general?
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