Category: Japan

Binance faces regulatory upheaval as lawmakers target ‘global’ exchanges

June 29, 2021

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The world’s largest cryptocurrency trading platform, Binance, has faced regulatory upheaval over the past week as jurisdictions clamped down on the use of unauthorized exchanges and warned citizens against accessing them. For Binance, adopting the moniker of “global exchange” has done very little to appease regulators that require specific licenses to offer financial services to […]

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Binance to cease operations in Ontario following regulatory crackdown

June 26, 2021

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Ontario’s crypto exchange crackdown continues as Binance plans to end operations Dec. 31, 2021. 9386 Total views 10 Total shares On the tails of a warning from Japanese regulators on Friday, Binance has announced in a short statement yesterday that it will cease providing services to users located in Ontario.  “As part of our continuing […]

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SBI doubled crypto business profits in past fiscal year

April 28, 2021

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SBI’s total pre-tax profit from its crypto business surged above $174 million in the past fiscal year. 10826 Total views 25 Total shares Japanese financial giant SBI Group more than doubled the total profit of its cryptocurrency business during the fiscal year that ended in March. On Wednesday, SBI released a report on the company’s financial […]

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Asia-Pacific’s solarized digitalization agenda in pandemic times

April 24, 2021

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The virtual 7th Asia-Pacific Climate Change Adaptation Forum was jointly hosted by the Ministry of the Environment of Japan and the Asia Pacific Adaptation Network with the theme “Enabling Resilience for All: The Critical Decade to Scale-up Action.” The forum took place in March and was held to formulate national adaptation planning for science and […]

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SBI Crypto’s Bitcoin mining pool goes public

March 19, 2021

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The mining subsidiary of Japanese financial conglomerate SBI Holdings is opening its pool services to institutional and retail customers alike. 5291 Total views 30 Total shares SBI Crypto, the mining subsidiary of Japanese financial conglomerate SBI Holdings, has opened its mining pool to the general public.  As one of the fruits of a strategic partnership […]

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Bank of Japan governor says CBDC preparation can’t wait until hour of need

March 16, 2021

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In fresh remarks, Bank of Japan Governor Kuroda Haruhiko said that experiments with a domestic central bank digital currency will begin in spring 2021. 3663 Total views 19 Total shares Japan is taking a measured but attentive approach to global interest in central bank digital currency issuance. In his latest remarks published on Tuesday, Bank […]

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SBI Holdings subsidiary continues XRP benefit program

March 12, 2021

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SBI Holdings subsidiary Morningstar started its XRP shareholder benefits in 2019. 8722 Total views 30 Total shares Morningstar, a financial information services subsidiary of Japanese financial giant SBI Group, will continue its XRP shareholder benefits program. According to an official announcement Friday, Morningstar has approved year-end shareholder benefits in the form of XRP. The new […]

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Rakuten’s customers can now use Bitcoin for shopping

March 1, 2021

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Japanese retail giant Rakuten has integrated its crypto wallet with its payment app, enabling consumers to directly load and convert their Bitcoin holdings for use in everyday spending. 7240 Total views 53 Total shares Crypto-friendly Japanese retailer Rakuten is now enabling users of Rakuten Wallet, its crypto exchange subsidiary, to easily spend their cryptocurrency holdings […]

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Creditors of Mt. Gox Bitcoin exchange to vote on draft refund plan

February 25, 2021

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Mt. Gox creditors will vote on a proposed draft compensation plan in October. 2995 Total views 15 Total shares The trustee of hacked, now-defunct cryptocurrency exchange Mt. Gox has posted another update on the long-running process of refunding the exchange clients. Nobuaki Kobayashi, a Tokyo attorney appointed to act as civil rehabilitation trustee to manage […]

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Crypto derivatives exchange FTX launches futures on 2021 Olympics

February 25, 2021

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Will they or won’t they happen? Amid debates over how safe the Olympic games can be in 2021, cryptocurrency traders can now bet on the likelihood of their eventual go-ahead. 2044 Total views 16 Total shares Cryptocurrency derivatives exchange FTX has created a new specialized futures contract for traders to bet on the likelihood of […]

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